Skip to content

Billionaire Banker Kotak Calls Evergrande China’s Lehman Moment

Video player cover image
Evergrande Isn't Having a Lehman Moment, Says UBS' Baweja

Many analysts are predicting that the cash crunch at China Evergrande Group is unlikely to become China’s version of the 2008 Lehman Brothers crash. The world’s richest banker begs to differ. 

“Evergrande seems like China’s Lehman moment,” Uday Kotak, chief executive officer and founder of Indian lender Kotak Mahindra Bank, said in a tweet.