Want a gold loan? Lenders will break every rule in the book to get you one

Lenders are flouting every rule in their books to cater to the rising gold-loan demand. Thanks to the collusion between lenders and borrowers at some of the branches, one in ten gold loans every month is sanctioned through malpractices—like tweaking weight and misreporting purity of gold, said two industry executives.In this episode, we delve into the murky world of gold loans and what often goes wrong when borrowers seek them out. Tune in. Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.Want to be part of the Daybreak community? Introduce yourself here.