Muthoot Finance Q1 net doubles, to cut loans from banks
Gold loan provider – Muthoot Finance’s first quarter net profit surged more than two-folds or 125% year-on-year to Rs 190 crore on the back of a robust loan book growth. The mortgage lender’s total gold loan book almost doubled to Rs 17,803 crore compared with Rs 9,040 crore a year ago.
July 28, 2011 / 12:18 PM IST
Moneycontrol Bureau
Gold loan provider