On 29th January 2016 a roundtable discussion was held on ‘Role of Financial Institutions in Monetisation of Gold in India’ to examine the role of financial institutions and other stakeholders of gold business in gold monetisation. The discussion revolved around the nuances in implementation of the recently introduced Gold Monetisation Scheme (GMS), the role NBFCs can play in GMS including lending to jewellery sector (as a part of SME loans). This was second of the three stakeholder interactions which has been planned by Pahle India Foundation (PIF) as a part of its academic study on ‘Role of Financial Institutions in Monetisation of Gold in India’.
The closed door roundtable discussion was presided by Professor (Dr.) Charan Singh, RBI Chair Professor at IIM and attended by major banks specifically headquartered and operational in South India; representatives from NBFCs; jewellers, assaying and hallmarking units.
