Muthoot Microfin, a Kerala-based NBFC-MFI, is expanding its operations in Telangana and planning to enter Andhra Pradesh by June. The company will open four branches in Telangana this month, located in Bhuvanagiri, Jangaon, Hanmakonda, and Parakala. Muthoot Microfin focuses on providing financial assistance to women in small businesses through income-generating microloans. Currently, it serves 3.28 million active customers through 1,424 branches across 18 states. CEO Sadaf Sayeed highlighted the company's growth strategy and market analysis approach for expanding into new geographies.
from Banking/Finance-Industry-Economic Times https://ift.tt/WcP0XE4
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