Banks will need to scale up technology, hire more and focus on customer and not sales-centric approach to match competition from the 'deep-pocketed tech firms', the Kotak founder said.
Several Indian companies' management had initially opposed lockdowns, which would hurt output and profits. However, the destruction's scale and vaccine shortage forced a shift.
The statement by Kotak on behalf of Confederation of Indian Industry is a shift for the body whose members had in April indicated they were against lockdowns.
A cricket ball that hit Uday Kotak in the head & led to an emergency surgery pushed him to abandon dream of becoming a professional player and get into finance.
The combination would boost its assets to Rs 7 lakh crore and cement Kotak’s position as India’s fourth-largest private bank, closing the gap with Axis Bank Ltd.
Banking sector ripe for significant structural change, market share of India's private sector banks will rise to about 50% over next decade, says Asia's richest banker Uday Kotak.
LPG supply eased for more industries, govt says coal gasification is next growth avenue. Centre welcomes US-Iran ceasefire but asks Indians to leave Iran.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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