L&T Finance To Add 26 Gold-Loan Locations In West Bengal By March 2027 Amid Expansion Drive
Kolkata, August 18, 2026: L&T Finance Ltd plans to significantly expand its gold-loan business in West Bengal, with 26 more locations expected to be added by March 2027 as the company looks to strengthen its presence in one of the country’s large gold-credit markets. The company currently has 28 locations in West Bengal, including four in Kolkata, and plans to add another 26 locations in the…
Kolkata, August 18, 2026 - L&T Finance Ltd is set to significantly expand its gold-loan business in West Bengal by adding 26 new locations by March 2027, according to Raju Dodti, Whole-time Director and Chief Operating Officer. The company currently operates 28 locations in West Bengal, including four in Kolkata. This expansion is part of L&T Finance's broader strategy to scale up its gold-loan network across eastern India, with a target of adding around 500 branches during the current financial year, bringing the total network to approximately 843 branches.
At present, the gold-loan market in West Bengal is valued at around Rs 47,000 crore, with L&T Finance holding a 2.2% market share, leaving ample opportunities for growth. The average gold-loan ticket size at L&T Finance stands at around Rs 2.6 lakh per customer, and the company's gold-loan book reached Rs 3,829 crore in the first quarter of FY27.
The lender recently acquired and integrated the gold-loan business of Paul Merchants Finance Ltd. in June 2025. The Reserve Bank of India's latest master direction on gold loans aims to create a level playing field for lenders by consolidating existing circulars into a single master directive. This new framework will also provide lenders with an additional buffer for recovery and allow the regulator to assess finance companies on the same parameters.
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