Muthoot Microfin expects 50 per cent of its collections to digitally by September
The third largest microfinance lender Muthoot Microfin expects 50 per cent of its collections to come digitally by September, up from 34 per cent now.
The Kerala-based lender from the Muthoot Pappachen Group, collected as much as ₹1,000 crore or 34 per cent of its entire collection digitally as of March, which was only ₹168.30 crore in the previous fiscal. Its monthly collections average at ₹550 crore now.