New banks to herald next growth phase for existing ones: Uday Kotak

Uday Kotak

As dozens of banking licence aspirants line up before RBI, eminent bankerUday Kotak has said the entry of new players could herald a new round of growth for the existing players with increased pace of competition for talent as well as customers.

"As I look back at the time when we became a bank in 2003, our private sector peers had a major takeoff in the period post 2003. I hope the potential entry of new banks is a tipping point for our next round of growth," Kotak Mahindra Bank's chief has said. 

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