Muthoot Finance Limited has received approval from the Reserve Bank of India (RBI) to expand its branch network, with permission granted to open 115 new branches across various locations. The approval, dated February 25, 2025, marks a significant milestone for the company as it continues to strengthen its presence in the financial services sector.
The approval was disclosed in an exchange filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the official communication, the company will ensure that all new branches are equipped with necessary security arrangements and storage facilities for gold jewellery, as per regulatory guidelines.
This expansion aligns with Muthoot Finance’s ongoing strategy to enhance its reach and provide accessible financial solutions to a broader customer base. The company remains a leading player in the non-banking financial sector, particularly in gold loans, and this development is expected to further reinforce its market position.
The formal approval from RBI underscores the regulator’s confidence in Muthoot Finance’s operational standards and compliance framework. The company will now proceed with the branch openings and ensure that all necessary infrastructure and security measures are in place.
This move is expected to contribute positively to Muthoot Finance’s growth trajectory by increasing its customer base and service accessibility across new regions.
