Higher funding costs, rising competition may weigh on Muthoot Finance
Mumbai: Shares of Muthoot Finance have fallen by nearly 8% in two trading sessions since August 1 after the country's largest gold loan company reported a decline in net interest margin and loan yields for the June quarter. Yields are likely to remain under pressure this year due to elevated borrowing costs and increasing competition from banks and finance companies.Earnings growth in FY27 will depend on loan book expansion rather than margin expansion unlike in FY26 when yields benefited from several one-off factors.Read more: Closing auction keeps traders on edge as divergence persistsThe st