The recent announcement of UBS’s takeover of Credit Suisse has sent shockwaves throughout the banking industry. Many experts are calling it a signal of the changing times and a sign of things to come. Uday Kotak, one of India’s most successful bankers, has weighed in on the matter, and his insights shed some light on what this takeover could mean for the future of banking. In this article, we will examine Kotak’s comments and analyze the implications of this takeover.
Veteran banker and managing director of Kotak Mahindra Bank, Uday Kotak on Monday tweeted his “signal to all bankers and stakeholders” following the acquisition of Credit Suisse Group AG by UBS Group AG.
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