Uday Kotak says time has come for consolidation in NBFCs, expects a significant 'shakeout'

2019-02-14 96

Uday Kotak is the executive vice chairman and managing director of Kotak Mahindra Bank. Started in 2003 by Uday Kotak, The bank is now among India's top four banks in the private sector. Kotak, 59, was appointed as non-executive chairman of the debt-strapped Infrastructure Leasing & Financial Services (IL&FS) by the government to resolve the crisis faced by the company.