RBI Approves Muthoot Finance to Launch 115 New Branches Across India
2025-02-26
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Muthoot Finance has received approval from the Reserve Bank of India (RBI) to open 115 new branches, expanding its reach across the country. The RBI has instructed Muthoot Finance to provide details of the new branches and ensure robust security arrangements, including safe deposit vaults for storing gold jewellery, to maintain customer trust and confidence in gold loan services. With this expansion, Muthoot Finance aims to increase its presence in the Indian financial market, offering gold loans and other financial services to a wider audience, while adhering to RBI guidelines and regulations for financial institutions and gold loan companies.
