Turns out that the future goals of bankers have a strong wit and channel to flourish their Banking world.
Uday Kotak, the man primarily known as Asia’s richest banker believes, robust corporate governance and integrity would help the Kotak Group cement its credentials as a banking powerhouse in the current decade.
Even as he anticipates consolidation in India’s financial and corporate landscape there is more to the scene.
Looks like Charles Darwin’s Theory of Evolution holds good not only for species but any source of creation, be it. Kotak will survive amongst the odds and the consolidations that the future has in store.
An opportunity has many faces and looks like Kotak has got its own through the present consolidation said the very chief Executive of Kotak Mahindra, Uday Kotak.
Kotak also likened the state of Indian finance to Charles Darwin’s Theory of Evolution and said that going ahead, only the fit would survive. Good governance and accountability were crucial for businesses to succeed and sustain, he said.
“Good governance matters — whether it is a country or a company,” he said. “We are, therefore, very committed to building our company in the 20s on the back of good governance. The world, in general, believes that it needs empowerment and freedom. But along with freedom comes accountability. Freedom is not the right to do what one wants to do — it is the responsibility to do what one ought to do.”
In its latest edition of the financial stability report, the Reserve Bank of India (RBI) said that the Indian banking system was not yet out of the woods and that there was a likelihood of bad loans increased as a percentage of advances after the first annual decline in eight years.
The facts and figures prove to be sustainable as the gross non-performing ratio of banks may increase to 9.9% by September 2020. The central bank said, from 9.3% in September 2019.
The gross NPA ratio of banks was at 9.3% in March.