India's Cash Crackdown Hits Gold Pawners – Bloomberg

India’s Cash Crackdown Hits Gold Pawners
Bloomberg
So in August he took a 14-gram gold bangle and used it as collateral for a six-month loan of 27,500 rupees ($402) from Muthoot Finance, one of the leading providers of gold-based loans in India. Such loans are a primary way to borrow money in rural …