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Muthoot FinCorp expects 15-17 per cent growth in assets under management for FY20

28-Nov-2019

Muthoot FinCorp expects 15-17 per cent growth in assets under management for FY20

Kerala-based Muthoot FinCorp expects 15 to 17 per cent growth during the current financial year in its assets under management (AUM), which is pegged at about Rs 12,300 crore as of now, a senior official of the gold loan company said on November 28. “We grew at 16 per cent last year ( in terms of AUM). This year also we expect to grow at 15 to 17 per cent. We disbursed close to Rs 27,000 crore last fiscal with over 90 per cent towards gold loan,” COO Muthoot FinCorp Limited, Vasudevan Ramaswami said in a press conference.