industry executives
They discuss the malpractices occurring in the gold loan sector.
Best podcasts with industry executives
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Aug 27, 2024 • 15min
Want a gold loan? Lenders will break every rule in the book to get you one
Two industry executives pull back the curtain on the gold loan sector, revealing alarming malpractices. They share how lenders are bending the rules to meet the soaring demand, with one in ten loans mired in deception. Stories of borrowers twisting the system illustrate the chaotic landscape, exposing issues like inaccurate gold valuation and unethical lending tactics. The pair discusses the dire lack of standardization and the implications for those seeking financial support through gold loans in India.
