 "Muthoot Finance")
Muthoot Finance, a gold financing company, has got the Reserve Bank of India’s approval to open 150 new branches across the country as it expands business after a gap of nearly three years.
Muthoot expects gold loans to grow 12-15 per cent in the financial year 2022-23, saying the RBI’s approval will help expand its customer base in South and North India.
Kerala-based Muthoot, India’s largest gold loan non-banking financial company (NBFC), said demand for credit increased during the coronavirus pandemic. As per RBI regulations, gold-loan NBFCs need permission to open new branches.
The company plans to train and hire
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