Latest management interview (link):
- With recent gold prices going down by 15%, tonnage has been stagnant resulting in de-growth in AUM; Will maintain gold loan growth of 15% in FY21
- Disbursements have come back to normal for other business segments
- Margins have improved slightly
- Credit cost for microfinance will settle at 7-8% of portfolio
- Long term growth: 15-20% with ROE of 20%
Disclosure: Invested (position size here)