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Indian gold lenders reduce tenure, seek bigger collateral as price falls SECTIONS Last Updated: Apr 05, 2021, 07:22 AM IST Share Synopsis Market leader Muthoot Finance Ltd. has been offering discounts on interest rates and other incentives to borrowers who chose to repay monthly or more frequently. Agencies The gold loan segment’s bad-loan ratio is about 1% compared with 7.5% for the entire banking sector. Related By Suvashree Ghosh and Swansy Afonso Indian firms that lend against gold are cutting tenures and seeking more collateral to protect against the plunge in prices of the precious metal. Market leader Muthoot Finance Ltd. has been offering discounts on interest rates and other incentives to borrowers who chose to repay monthly or more frequently. Rival Muthoottu Mini Financiers Ltd. is mostly lending for 90 days now versus 270 previously, and most large firms are disbursing amounts well below regulatory limits, which was 75% of the metal’s value for shadow le

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