The Muhtoot Finance stock has been buzzing in trade and gold financiers are in focus on the back of merger and acquisition (M&A) buzz. Also rural market conditions have improved. In an interview to CNBC-TV18, George Alexander Muthoot, MD of Muthoot Finance gave the ground check.
Muthoot said demonetisation difficulties are behind and collections with regards to old dues are on track.
He further said that cost of borrowings have declined by 1-1.2 percent year-on-year (YoY).
Have maintained net interest margin (NIM) around 10 percent, he mentioned.
He expects double-digit loan growth in FY18.
According to him, festive season should see pickup in demand and aid in loan growth.Watch accompanying video for more details.