Muthoot Finance Shares Surge After RBI Greenlights 115 New Branches
2025-02-27
The Economic Times
Muthoot Finance shares are gaining attention after the Reserve Bank of India (RBI) gave the nod to open 115 new branches, expanding the company's reach in the gold loan market. With this approval, Muthoot Finance is set to strengthen its position in the financial sector, particularly in gold financing and loan services. The RBI has also emphasized the importance of maintaining robust security and storage facilities for gold jewellery, ensuring customer trust and confidence. As the company grows, it's likely to have a positive impact on the gold loan industry, driving growth and innovation in financial services.
