Yields' Downward Trend
Get ready for a dip! Manappuram Finance aims to bring down gold loan yields. They plan to moderate these to 18% in the next four to six quarters. This
should bring some cheer to borrowers. This is a significant change that impacts the borrowing landscape in India.
Gold Loan Dominance
The company is also increasing the prominence of gold loans within its portfolio. Gold loans will rise to make up 75% of the portfolio, a jump from the existing 65%. This could be seen as a strategic move to capitalize on India's love for gold and financial stability.
Vehicle Finance Impact
Keep an eye on vehicle finance! The article points out that Manappuram Finance's shares will respond to vehicle finance asset quality changes in the first quarter. This highlights the importance of monitoring all areas of their financial activities.
