There has been a sharp rise in gold loans in recent years. But there is a seedier side to this, as is evident from the red flag the RBI raised recently. Will the regulator s move protect customers?
A gold loan is a loan where the borrower gives a specified amount of gold in exchange for a loan amount (called loan-to-value or LTV) for a set length of time.
India Business News: Gold loan companies are experiencing a surge in demand from semiurban and rural areas as the festive season approaches. The recent increase in gold pr