06 Feb 2026 | 5 Mins Read
RBI Announcement Boosts Manappuram and Muthoot Finance
Flipitmoney
The Reserve Bank of India (RBI) proposes to waive prior approval for new branches by NBFCs with over 1,000 branches, applicable to gold lenders. This dispenses the regulatory requirement, sentimentally positive for gold financiers Manappuram Finance (4,044 branches), Muthoot Finance (4,967 branches), and IIFL Finance (3,000 branches). Their shares traded with gains of up to 2% on Thursday.