Meanwhile, Uday Kotak, Asia’s richest banker, has highlighted a major issue faced by banks today. He stated that banks are experiencing a decline in deposit inflows, which could lead to losses.

Mumbai: Focus on “short-termism” at the leadership level is a worrisome trend in the financial services sector, according to Uday Kotak, founder and non-executive director, Kotak Mahindra Bank.

Mumbai: The US could face “unintended consequences" of taking an aggressive stance against the world, Uday Kotak, founder and non-executive director of Kotak Mahindra Bank, said at the Mint ...