‘Impossible to calculate’ – Cash-for-gold loans hide shadow-banking risks in India

    Insider

    (From Bloomberg) When Rashmi Deshmukh needed money for her hand-knit clothing business in Mumbai, she couldn't wait for bank approval. Instead, she put up her wedding jewelry as collateral at a loan-f…


    Already an INSIDER? .

    We are glad you enjoy reading Business Report.

    Continue reading this story and get ACCESS to all our content from any device with a subscription now.

    • Get access to more than a decade of story archives.
    • Get access to our searchable data center of TOP LISTS.
    • Get exclusive content only available to INSIDERS.