Muthoot Finance Expands Reach: RBI Approves 115 New Branches

cnbctv18

Muthoot Finance has received approval from the Reserve Bank of India (RBI) to open 115 new branches, expanding its reach and services. The company will provide details of the new branches to the RBI and ensure robust security arrangements, including safe deposit vaults for gold jewellery storage, to safeguard customer assets. With this expansion, Muthoot Finance aims to enhance its gold loan and financial services, catering to a broader customer base and strengthening its position in the market. The RBI's approval is a testament to the company's commitment to security and customer satisfaction. Key services will include gold loans, financial assistance, and secure storage solutions.