Kochi: The Federation of Gold Loan Companies (FGLOC) will organise its first-ever Gold Summit in Kochi on November 17 to discuss the future roadmap for the gold-loan sector and explore ways to unlock the potential of gold as a financial asset.
The summit aims to strengthen the capabilities of gold-loan companies and equip them to operate more efficiently and responsibly, with a particular focus on corporate governance, regulatory compliance and sustainable business practices. It will also explore ways to enhance the sector's overall capabilities and address common challenges faced by industry participants.
Bringing together key industry stakeholders, the summit will discuss the evolving significance of gold in the financial ecosystem and the opportunities it presents for the gold-loan sector. The discussions will focus on the sector's growth potential, emerging market opportunities and ways to extend gold-loan services to a wider section of the population.
Key areas of discussion will include policy and regulatory developments, responsible lending practices, corporate governance, transparency, consumer protection, technological advancements and prospects for sustainable growth. The summit will also feature technical sessions led by Vinod Kothari, Founder of Vinod Kothari & Consultants, and representatives from CRISIL, CRIF and technology platforms such as Google and Vodafone Idea.
Representatives of gold-loan institutions, non-banking financial companies (NBFCs), industry leaders and policymakers from across the country are expected to attend the summit. Key industry leaders participating in the event will include George Alexander Muthoot, Executive Vice Chairman, Muthoot Finance; Thomas John Muthoot, Chairman and Managing Director, Muthoot FinCorp; and V.P. Nandakumar, Chairman and Managing Director, Manappuram Finance.
The summit will also provide a platform for FGLOC to develop a collective approach to engaging with the government and regulatory authorities on issues affecting the sector. Research findings and industry data presented at the event will help the federation identify shared industry concerns, establish common priorities and present a unified industry perspective before the associated authorities.
