Kotak MF's Nilesh Shah pitches monetising 25,000 tonnes of idle household gold for Viksit Bharat
At a PHD Chamber event in New Delhi, Kotak MF MD Nilesh Shah urged India to mobilise ~25,000 tonnes of idle household gold and ease compliance burdens, citing $510B in gold imports over 25 years. He flagged gold-loan financing as the fastest-growing retail segment at Rs 6 lakh crore — a tailwind for jewellers and lenders.
Kotak MF's Nilesh Shah urged monetising India's ~25,000 tonnes of idle household gold and easing compliance burdens. He flagged gold loan financing as the fastest-growing retail business at Rs 6 lakh crore, signaling continued tailwinds for jewellery and gold-loan players.