Uday Kotak wants you to move away from banks, keep Japan at the back of mind

Uday Kotak, the Kotak Mahindra Bank founder, voiced for a shift away from banks for sustained growth. Highlighting the shift from savers to investors, he emphasised challenges in banking, urging large corporates to shift to capital markets. He warned against Japan's economic history and stresses policies to avoid market bubbles. Kotak's focus lies in transforming banks into debt distributors and maintaining a balanced financial sector view to ensure stability.

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