Over Lakh Families Will Lose Their Gold On Wednesday As Banks And NBFCs Will Auction Defaulters’ Jewelry
February 22, 2022 21:04Over a lakh families who had taken loan by mortgaging gold and have not been able to repay face a doomsday scenario as NBFCs (Non banking financial companies) and banks are about to auction their jewellery. Muthoot and Mannapurnam gold loans control 50 percent of the market. These companies give easy loans against gold jewellery. […]