L&T Finance plans 26 new West Bengal gold-loan locations

A big company called L&T Finance helps people borrow money by keeping their gold jewelry as security.

It is growing its gold-loan business in a state called West Bengal in India.

Right now it has 28 places there where people can get these loans.

It wants to open 26 more such places by March 2027.

Four of the new places will be in the city of Kolkata.

One year ago, it had no gold-loan places in West Bengal at all.

Now people there have borrowed about 165 crore rupees from the company.

The whole gold-loan market in West Bengal is very big, worth about 47,000 crore rupees.

The Reserve Bank of India also made new rules for gold loans recently.

The company says these new rules bring transparency and will help the gold-loan business grow.