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Muthoot Microfin Q3 profit slumps 97% to Rs 4 crore on higher provisioning

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Microfinance company Muthoot Microfin has reported a 97% fall in net profit for the third quarter at Rs 4 crore as against Rs 125 crore in the year ago period, on account of higher provisionings.

The fall in net profit was primarily driven by a considerable provisioning cost of Rs 247 crore in…

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