Muthoot Microfin lowers lending rates by 55 bps

Muthoot Microfin has decided to reduce lending rates by up to 55 basis points on fresh loans to existing customers. This move comes after nearly two years of upward movement in loan rates. The reduction in rates will not affect the lender's net interest margin, which rose to 12.6% for the December 2023 quarter. Read The Rest at :