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Outstanding gold loans have surged over last three years, says Union Minister of State for Finance

Summary by The Hindu
Outstanding gold loans in India surged from ₹7.46 lakh crore to ₹18.29 lakh crore in three years, boosting financial inclusion.

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The HinduThe Hindu
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Outstanding gold loans have surged over last three years, says Union Minister of State for Finance

Outstanding gold loans in India surged from ₹7.46 lakh crore to ₹18.29 lakh crore in three years, boosting financial inclusion.

·Chennai, India
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Dainik BhaskarDainik Bhaskar

Accused of Fraud of 17 Lakh Rupees Arrested After Transferring Gold Loan: Did Not Pledge Gold After Receiving Money in Account, Implicated Bajaj Finance

Police have arrested a loan holder accused of defrauding a finance company of ₹17 lakh under the guise of a gold loan transfer. Loan holder Ajay had previously taken out a gold loan from another gold finance company and transferred the loan to the Bajaj Gold Loan branch to repay it. The Bajaj Gold Loan branch deposited the ₹17 lakh into Ajay's account, but Ajay failed to pledge the gold. Consequently, Ajay conspired to defraud branch officials a…

·Bhopal, India
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The Hindu broke the news in Chennai, India on Tuesday, August 4, 2026.
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