The summit aims to strengthen the capabilities of gold-loan companies and equip them to operate more efficiently and responsibly, with a focus on corporate governance, regulatory compliance and sustainable business practices. It will also address common challenges faced by industry participants and explore ways to enhance the sector’s overall operational capabilities.

Bringing together key industry stakeholders, the summit will deliberate on the evolving role of gold in the financial ecosystem and the opportunities it offers for the gold-loan industry. Discussions will cover the sector’s growth potential, emerging market opportunities and strategies to extend gold-loan services to a wider section of the population.

Key areas of deliberation will include policy and regulatory developments, responsible lending practices, corporate governance, transparency, consumer protection, technological advancements and sustainable growth prospects.

Prominent industry leaders participating in the summit include George Alexander Muthoot, Executive Vice-Chairman of Muthoot Finance; Thomas John Muthoot, Chairman and Managing Director of Muthoot FinCorp; and V.P. Nandakumar, Chairman and Managing Director of Manappuram Finance.

The summit will also provide a platform for FGLOC to evolve a collective approach to engaging with the government and regulatory authorities on policy and other issues affecting the sector.

Courtesy: BusinessLine