VP Nandakumar, the Managing Director of Manappuram Finance, said that the company has not been affected by the RBI’s new regulations. In fact, he sees it as a positive change because they were well-prepared with their online gold loan schemes and other services. Their profitability has stayed strong, and for the coming year, they expect to maintain a 20% CAGR (compound annual growth rate) and similar levels of profitability.
VP Nandakumar added: “We had been aiming for 20% growth but achieved 19%, just 1% lower. Our performance hasn’t been bad, but we plan to improve. The RBI’s new regulation hasn’t impacted us, and we see it as a positive step since we were ready with our online gold loan offerings.”
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