# Manappuram plans 500 new branches, targets 25-30% gold loan growth 2026-08-13T07:05:01+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Manappuram Finance added 3.2 lakh new customers in the first quarter of FY27, taking its gold loan book 12% higher sequentially, ET BFSI reports. The company now plans to open 500 branches this year, benefiting from the RBI's removal of prior approval for new outlets. About 60% of the new branches will be in South and Central India, and 25% in Bihar, West Bengal and Odisha. Gold loan yields rose 60 basis points to around 18%, and management expects them to stay there. Online gold loans now account for 86% of the book. But vehicle finance remains a drag: no fresh disbursements are planned this year, and gross NPAs have jumped to 13.3% from 10.4% a quarter ago. ## Coverage - bfsi.economictimes.indiatimes.com Tags: branch expansion, Gold loans, Manappuram Finance, NPA, RBI, vehicle finance Canonical: https://indianopinion.org/manappuram-plans-500-new-branches-targets-25-30-gold-loan-growth/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/manappuram-plans-500-new-branches-targets-25-30-gold-loan-growth/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.