Muthoot Finance Shrugs Off Gold Loan Stress Fears, Raises Growth Guidance To 25% | CNBC TV18
CNBC-TV18 · 02 Nov 2026 · 16 min
Management interview of Muthoot Finance Ltd (MUTHOOTFIN), with 6 key numbers discussed.
- Alexander George Muthoot, Managing Director, Muthoot Finance
Muthoot Finance MD Alexander George Muthoot addressed concerns regarding the rise in stage 2 and stage 3 assets, stating it is a temporary transition following new RBI rules moving gold loans from bullet payments to regular interest servicing. He highlighted that principal LTVs stand comfortably at 72% for Stage 2 and 53% for Stage 3 loans, eliminating loan loss risks. The company raised its full-year AUM growth guidance to 25% after achieving 15% growth in H1. Management dismissed fears of systemic overleveraging among borrowers and emphasized that its deep operational capabilities provide a moat against competition.