Welcome to Seasonal Magazine's Podcast Series, Most Promising Organizations Post Lockdown. In today's episode we discuss the prospects of Manappuram Finance.

Will Manappuram Gold Loans Rebound Post Lockdown?

Non Banking Finance Companies (NBFCs), together with banks, tend to do well during economic booms when credit growth is high. But NBFCs focusing on gold loans, like Manappuram Finance, have historically done even better during difficult periods for the economy. This is a peculiar strength of the gold loan business that is putting the focus back on players like Manappuram, even in this most difficult period for lenders, due to Covid-19, the extended lockdown and moratorium on loans. Moreover, led by its MD & CEO, VP VP Nandakumar, the firm had pioneered products like online gold loans, which came in handy during the lockdown period, while its conservative policies like lower LTV ensures safety as well as room for growth as and when demand rises.