Indians Pawning Gold Lifts Lender’s Stock in Reeling Economy
A pair of scissors, a magnifying glass and other accessories are displayed on a tabletop in a branch of Muthoot Finance Ltd., one of India’s leading providers of gold-based loans, in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Indians Pawning Gold Lifts Lender’s Stock in Reeling Economy

(Bloomberg) -- An Indian lender has seen its shares surge during the coronavirus pandemic, in stark contrast with peers in a nation struggling with mounting bad loans. Its secret sauce: Taking gold...
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