Muthoot Microfin grew 13 percent as industry shrank 20 percent CEO details the turnaround

Better collections and fresh products helped margins

Muthoot Microfin outperformed a shrinking lending market, expanding assets by more than 13% while industry growth fell about 20%. The CEO attributed the turnaround to improved repayment performance and lower bad loans. New individual loan products are gaining traction, and further margin expansion and profitability gains are expected in the coming years.