Gold loan provider, Manappuram Finance aims to keep its net interest margin (NIM) to 13% in this fiscal, informed a top official of the bank.

"Our cost of borrowing is around 12.5 per cent on an average and despite rise in the borrowing cost, we hope to have a slightly higher margin at 13 percent for the fiscal," Manappuram Managing Director I Unnikrishnan said.

Speaking about price of gold, he said, "We don't see a downward trend in gold prices going forward. Rather, it should increase as safe haven investment option for investors."

The September quarter showed 125% growth in net profits of the company.