Gold-loan fintech firms spot a glimmer in RBI’s draft rules

As the Reserve Bank of India strengthens its rules of governance around the gold loan sector, new-age fintech firms are sensing an opportunity either through partnerships with banks and non-banking lenders or by scaling up on their own.On April 9, the RBI issued draft guidelines to harmonise the regulatory framework for gold loans, strengthen aspects around the conduct of gold loan lenders and also address regulatory concerns observed around the sector.

New players coming in

With new lenders like L&T Finance and Poonawala Fincorp announcing their entry…