Rush for gold loans seen as Indians seek refuge from slowdown

In India, banks were under pressure even before the outbreak, due to a shadow-banking crisis and a prolonged slump in economic growth. The country also has the world’s worst bad-debt ratio at traditional lenders. That loomed large earlier this year, with the biggest-ever bank failure in the country when authorities seized Yes Bank Ltd.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3bTbPSg