Aditya Birla Capital enters gold loans business, targets 1,000 branches in 3 years; shares jump over 2%

today, August 20, announced its entry into the gold loan business segment, marking a 'strategic expansion' of its secured lending portfolio. The company has planned a phase-wise rollout of 200-300 dedicated gold loan branches by March 2027 across high-potential markets in the country, the company said in an exchange filing. Under its Non-Banking Financial Company (NBFC) portfolio, Aditya Birla Capital said the "gold loan offering complements its existing retail and MSME lending franchise, providing customers with a transparent, flexible and collateral-backed credit solution."