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?
We are a growing company and we have a very optimistic outlook on the segment. We have targeted an annual growth of 70% and we are very confident of achieving it. The high-interest rate regime is expected to stay here for some time as there is no let-up in the retail inflation scenario, says Umesh Mohanan, executive director & CEO of Indel Money, a non-banking finance company in the gold loan sector.