Muthoot Microfin plans to cut risk by bringing down group micro loan share to 60% by 2030, says CEO Sadaf Sayeed

Muthoot Microfin is shifting focus from unsecured loans to business diversification. The company aims to reduce its microfinance asset share to 60% by 2023. It plans to enter two-wheeler financing this festive season. Muthoot Microfin targets growing its assets under management to Rs 30000 crore by 2030. This strategy aims to mitigate risks in the microfinance sector.