Muthoot Finance has launched 37th ATM at its Lingarajpuram branch in Bangalore. Moreover, the company which has bagged white label ATM licence from the RBI is planning to install 1,000 ATMs this year.
Further, the company is planning to install 100 ATMs each in Karnataka and Tamil Nadu by the end of this financial year.
Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.
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