Muthoot Finance believe that transparency and customer protection must go hand-in-hand with accessibility and speed: George Alexander Muthoot
FinTech BizNews Service
Mumbai, May 30, 2025: The Department of Financial Services, under the leadership of Hon’ble Union Finance Minister Smt. Nirmala Sitharaman, has given recommendations regarding regulatory measures for the gold loan sector – including a proposed implementation timeline starting 1st January, 2026 and exemptions for gold loans under Rs2 lakh.
George Alexander Muthoot, Managing Director, Muthoot Finance, has shared his important perspective on this important development:
"The recommendations made by the Department of Financial Services under the leadership of Hon’ble Union Finance Minister Smt. Nirmala Sitharaman mark a progressive step towards balancing regulatory oversight with financial inclusion. The phased implementation timeline and exemption for gold loans below ₹2 lakh reflect a deep understanding of the socio-economic realities of India’s underserved and rural borrowers — who largely depend on gold-backed credit for livelihood, education, and emergencies.
As the country’s leading gold loan NBFC with decades of experience serving over 2 lakh customers daily, we at Muthoot Finance believe that transparency and customer protection must go hand-in-hand with accessibility and speed. We are fully aligned with the RBI’s vision of responsible lending and remain committed to working collaboratively with all stakeholders to ensure smooth on-ground execution while safeguarding the trust of millions who rely on gold loans as their first line of financial security."
