George Alexander Muthoot, the managing director of Muthoot Finance, is of the view that his company knows the business of lending against gold better than most: “We work closely with
Surge in gold loans, sharp uptick in auctions may be hiding a larger pain
The drop of 5-7% in gold prices after March 2021 has added to borrowers' woes, triggering margin calls and auctioning off of jewellery pledged by customers
 "gold")
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Gold loans have surged nearly 85 per cent over the past year, to Rs 60,464 crore
Topics : Gold gold loans
First Published: Aug 16 2021 | 6:03 AM IST
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