Muthoot Finance, a leading gold loan company, launched its 37th ATM at its Lingarajpuram branch in Bangalore. The company which has bagged white label ATM licence from the RBI is planning to install 1,000 ATMs this year.
“The company is planning to install 100 ATMs each in Karnataka and Tamil Nadu by the end of this financial year,” said George M Alexander, Director, Muthoot Finance.