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No systemic risk to Indian financial system: Kotak on Adani stock crash
short by Pragya Swastik / 04:49 pm on 05 Feb 2023,Sunday
Kotak Mahindra Bank's CEO Uday Kotak tweeted, "I don't see systemic risk to the Indian financial system from recent events." He added, "However, large Indian corporates rely more on global sources for debt & equity finance. This creates challenges & vulnerabilities. Time to further strengthen Indian underwriting and capacity building." His remarks come after Adani Group companies' stocks crashed. #news101
