Muthoot Finance Sees Rising Gold Prices To Boost Loan-To-Value Ratio
  • WebDesk BTVI
  • Aug 26 2019

George Alexander Muthoot, MD at Muthoot Finance, said the government's move to lend additional liquidity for housing finance companies (HFCs) is a welcome step, and will bring down interest rates in the next few weeks as bank will start releasing funds. He said the loan collaterals have become strong as prices of gold have gone up, and rising gold prices will boost the company’s loan-to-value ratio. Here's more.