News > India's top gold loan provider Muthoot hopes to revive growth with low-interest scheme

India's top gold loan provider Muthoot hopes to revive growth with low-interest scheme

Muthoot Finance, which has posted back-to-back decline in profits in the last two quarters, said it is set to make a comeback having discontinued its low-interest schemes. The country's largest gold loan company in terms of loan portfolio expects a 10 per cent business growth in current fiscal, George Alexander Muthoot, Managing Director, Muthoot Finance, said. The non-banking finance company (NBFC) posted a decline of 10 per cent in its net profit from a year ago.