Muthoot Finance has received an approval from Reserve Bank of India (RBI) on June 21, 2013 for setting up of White Label ATMs in India under Scheme A of RBI policy guidelines dated June 20, 2012. The Company has taken approval of Shareholders on December 04, 2012, through Postal Ballot for carrying out the business of setting up of White Label ATMs in India.
Muthoot Finance is a non-deposit taking systemically important non-banking finance company (NBFC). It is primarily in the business of lending against used household gold jewellery to individuals.
