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Muthoot Finance posts highest-ever net profit of Rs 1,196 crore in Q1

Business Standard LogoBusiness Standard9h ago

Muthoot Finance posts highest-ever net profit of Rs 1,196 crore in Q1 - Business Standard

Quick Summary:

The credit guarantee scheme will significantly enhance credit access for MSMEs, aligning perfectly with our commitment to supporting entrepreneurs with our small business loans.

This outlook, coupled with our strategic initiatives, positions us well to achieve our growth targets for FY25,” he added.

With sweeping digitisation across the financial sector, we will continue to intensify our digital efforts to improve access to credit and include customers across the social pyramid.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 17:37:16 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22064710

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 343 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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