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Only five large banks can survive in the long-term: Uday Kotak

Only five large banks can survive in the long-term: Uday Kotak

Sunday, April 2, 2017, 12:22 PM

Banker Uday Kotak feels there will be strong consolidation in the financial services sector and eventually only five players will dominate the space just like in the global space. "Globally, in most countries, there are only three to five large banks which dominate. This is how the future will be in our country as well," Kotak, vice-chairman of Kotak Mahindra Bank, said.
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