With the Reserve Bank of India (RBI) tightening the rules for gold loan companies, Muthoot Finance has decided to diversify into the white label ATMs (WLAs) business. The non-banking finance company, which is engaged in the business of financing against the security of gold ornaments, wants to leverage its network of 3,853 branches spread across 21 States and four Union Territories to set up WLAs. The company’s board is of the view that setting up WLAs across all branches and in other business centres across the country would benefit Muthoot’s customers.......
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