Economy · India
Manappuram Finance Q1 Profit Rises Amid Gold Loan Growth
Manappuram Finance reported a rise in its first-quarter profit, primarily driven by a significant increase in its gold loan portfolio. The company's Assets Under Management (AUM) in gold loans nearly doubled. However, its non-gold businesses experienced muted performance. The company faces potential challenges from rising competition and regulatory changes that could impact future growth.
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- Centre (2): Mint, The Hindu BusinessLine