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Here’s what Uday Kotak had to say on the current financial situation

Updated : February 14, 2019 01:14 PM IST

Veteran banker Uday Kotak in an interview with CNBC-TV18 said the current financial situation is fragile but it may not be a systemic problem if well handled. The fear factor will remain until balance sheets of companies become trustworthy, he added.

The MD & CEO of Kotak Mahindra Bank talking about various sectors also said, “I think at this point of time, my personal view is that the small & mid-cap sector has already seen a lot of the pain. The pain from here may not be anywhere near the pain that people have seen in 2018. Therefore, I do believe that small caps & mid-caps have adjusted more compared to what we have seen in large caps in general.”

“I think there has been a flight to safety, lot more money has moved into larger cap and fewer number of stocks in terms of the marketplace. A lot of money have moved into large-caps. My concern at this point of time continues to be in the residential real estate space, which I think is still facing its pressures,” says Uday Kotak.

 
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