Muthoot Microfin is lowering its lending rates for the third time this year, benefiting borrowers with a quarter-percentage point reduction. This move follows RBI's scrutiny of microfinance lenders charging high interest rates. Despite the reduction, Muthoot Microfin's net interest margin improved due to lower funding costs, reaching 12.94% in the first half of the year.
from Banking/Finance-Industry-Economic Times https://ift.tt/84rq2TQ
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