Cash-for-Gold Loans Hide Shadow-Banking Risk in Indian Economy

Cash-for-Gold Loans Hide Shadow-Banking Risk in Indian Economy

Dhiraj Singh/Bloomberg

A woman walks past by a Muthoot Fincorp Ltd. branch in Mumbai, India. Assets at non-bank lenders such as Muthoot have increased 20 percent annually for the past five years to $670 billion, according to a November report by the Financial Stability Board.