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Funds Can Earn Interest Lending Gold to Banks, IDBI Mutual Says

Jan. 21 (Bloomberg) -- Demand for gold may fall because of tax increase, says IDBI Mutual CEO Debasish Mallick. * India to allow mutual funds to deposit gold with banks * India Raises Import Duty on Gold, Platinum, Mayaram Says NSN MGZ3U76S9728 <GO>

To contact the reporter on this story: Santanu Chakraborty in Mumbai at schakrabor11@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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