Mumbai, February 26, 2025 – Muthoot Finance Limited (NSE: MUTHOOTFIN, BSE: 533398) has received approval from the Reserve Bank of India (RBI) to open 115 new branches, the company disclosed in a regulatory filing today.
The RBI granted the necessary permission in a letter dated February 25, 2025, following Muthoot Finance’s November 28, 2024 request. The company has been advised to ensure appropriate security arrangements and storage facilities for gold jewelry, including safe deposit vaults, in compliance with regulatory guidelines.
This expansion will strengthen Muthoot Finance’s branch network and enhance its accessibility to customers seeking gold loan services.