Economic TimesLean R·
L&T Finance to open 500 gold loan branches
Non-bank lender L&T Finance is planning to open 500 gold loan branches in this financial year, increasing its network from 330 branches as of March 31, to expand its footprint in the sector that is projected to grow at a compounded annual growth rate of 30% for the next two years.The expansion follows the company’s entry into the gold loan market last year through the acquisition of the gold loan business of Chandigarh-based Paul Merchants Finance Private Ltd. L&T Finance paid Rs 537 cr…
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