Total income during January-March declined by 5 per cent to Rs 2,678.37 crore, as against Rs 2823.85 crore in the same period last fiscal, Muthoot Finance said in a regulatory filing.
According to V Swaminathan, Executive Chairman, Andromeda and Apnapaisa, the rate hike was on the cards as the policymakers were under immense pressure due to the rising inflation in the country and at the global level, , inflation, rate hike, RBI Governor Shaktikanta Das
George Alexander Muthoot, MD, Muthoot Finance speaks with Business Today about the company’s performance and the opportunity for gold loans in the Indian market.
A status quo in repo rate underlines RBI’s priority in supporting GDP growth amid the lingering impact of the pandemic, while additional measures for MSMEs, contact-intensive sectors and digital transactions augurs well for the overall economic health, financial market participants said on Thursday. For the 10th time in a row, the six-member rate setting Monetary .
Among other things, Finance Minister Nirmala Sitharaman unveiled a bigger Rs 39.45 lakh crore Budget, with higher spending on highways to affordable housing with a view to firing up the key engines of the economy to sustain a world-beating recovery from the pandemic.
It will be important to keep an eye on sops for the micro, small & medium enterprises (MSME) sector, tax rebates for MSMEs/small business, and housing segments, Muthoot Finance MD said.
George Alexander Muthoot, MD, Muthoot Finance said, as the nascent economic recovery slowly takes roots, 2022 will be an important year to watch out for amidst the challenges posed by new Covid variants.
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