Largest capital infusion took place after pandemic in microfinance industry
Speaking to ET NOW, Sadaf Sayeed, CEO, Muthoot Microfin informed that the largest capital infusion took place after the pandemic. Vote of confidence is on sustainable micro-finance institutions. The company is using capital to leverage, borrow more, and grow its business. He targets AUM Rs 6000 cr this year. Capital infusion CAR has increased to 30% from 22%, comfortably placed, he adds and says they wish for deeper penetration in existing branches and will open more branches going ahead.