Billionaire India Broker Says Margin Lending Surge Is 'Scary'

Nithin Kamath, billionaire founder of India's second-largest brokerage Zerodha, has expressed concern about the rapid growth in margin lending, describing it as 'scary' despite its positive impact on company revenue. The surge in margin loans could pose significant risks to investors and the firm if market conditions deteriorate sharply. This warning highlights the potential systemic vulnerability created by increased leverage in India's retail investing market.