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Muthoot Finance Ltd. said the floods in Kerala, Karnataka and parts of Maharashtra hasn’t impacted its business or its employees.
“The floods haven’t been as severe as last year,” George Alexander Muthoot, managing director of the gold loans provider, told BloombergQuint in an interaction, adding water levels are receding and things are “getting better".
The company has only 4.5 percent exposure in Kerala and about 8 to 9 percent in Karnataka, Muthoot said.
Key Takeaways From The Interview
Muthoot Finance Q1 Results 2019-20: Key Highlights (YoY)
Watch the full interview here: