Nilesh Shah talks about auto sector slowdown, liquidity jinx
  • WebDesk BTVI
  • May 08 2019

Nilesh Shah, MD, Kotak Mahindra Asset Management, says slowdown in auto sector is a serious matter. Citing that NBFCs are filling the lending space that PCA banks vacated, he says some segments are unable to grow as they can’t access credit. He feels over-reliance on a few banks is leading to reduced credit access. On global economy, he says large trade deficit with China is hurting Indian manufacturing sector.