Muthoot Finance reported improvement in AUM growth to 21% YoY on consolidated basis as against 13% YoY in H1FY20. NII grew by 45% YoY (11% QoQ) led by improvement in margins; while PBT grew by 38% YoY led by higher provisions as management decided to write offs of loans. Stage III loan assets declined by 89bps QoQ to 2.54%, however NPA is never a cause of concern in gold loan. All the subsidiaries are witnessing healthy growth except home finance, accounting for 12% of the overall loan...