Billionaire Banker Says India’s Lenders Should Raise Capital
- Government should be ready to inject funds into state banks
- Uday Kotak says it’s a good time to tap capital markets
This article is for subscribers only.
India should prepare to inject capital into state banks and private-sector lenders need to strengthen their balance sheets, to help bolster the economy against the coronavirus pandemic, according to a senior banker.
“I do believe the government will have to be ready to support public sector banks with capital,” said Uday Kotak, the billionaire founder of Kotak Mahindra Bank Ltd.