Muthoot Microfin, headquartered in Ernakulam and part of the Muthoot Pappachan group, aims to secure $50 million through external commercial borrowing (ECB) to diversify its funding sources and extend liability duration. The CEO anticipates a syndicated deal at a lower cost than the current average cost of funds.
Earlier today, Bajaj Finance reported 21 percent growth in its consolidated profit after tax to 3,825 crore in the fourth quarter of the financial year 2023-24 from Rs 3,158 crore in the year-ago period.
Girish Kousgi, MD & CEO of PNB Housing Finance, discusses the company s transformational journey of raising capital, improving asset quality, and reducing NPAs. He highlights the focus on growth in the affordable housing sector and expanding presence in tier II and III cities.
Anand Rathi believes that large-cap private banks have a better risk-reward than others in BFSI, as the government loosens its purse strings, improving the banking liquidity coupled with the robust underlying credit demand.