Muthoot Finance witnessed a significant profit increase in the first quarter. The gold loan financier’s profit surged by 90%. This growth was fueled by higher gold prices and increased loan demand. Loan assets under management also rose considerably. The company plans to invest in its subsidiaries, Muthoot Money and Muthoot Homefin.
Bank Lending to NBFCs Rises 26%, Fastest in FY26
In the previous fiscal year, bank lending to Non-Banking Finance Companies (NBFCs) witnessed an impressive 26 percent increase, fueled by the Reserve Bank of India’s