💰 Aditya Birla Capital jumps into gold loan game
Aditya Birla Capital Limited announced its entry into the gold loan business segment as a strategic expansion of its lending portfolio. This move will see the company establishing about 1,000 branches over the next three years across India. They plan a phase-wise rollout of 300 dedicated gold loan branches by March 2027 in high-potential markets. This complements their existing retail and MSME lending franchise by offering collateral-backed credit solutions. Following the news, Aditya Birla Capital's shares surged 3.05% on the BSE. 💰