From a world where money had zero price to a point where money comes at a price: Uday Kotak

We have moved from a world where money had zero price to a point where money does come at a price, according to Uday Kotak, MD&CEO, Kotak Mahindra Bank.

From a world where money had zero price to a point where money comes at a price: Uday Kotak
Uday Kotak, MD&CEO, Kotak Mahindra Bank

We have moved from a world where money had zero price to a point where money does come at a price, according to Uday Kotak, MD&CEO, Kotak Mahindra Bank. Kotak wrote in an address to shareholders that in the past few years, much private capital, supported by liberal printing of money by central banks, has chased a host of new-age companies, with an intent to create value through access, affordability, efficiency and usually an asset-light model hinged on technology.

The valuations have been off the charts, he pointed out, with investors chasing unicorns, gazelles and anything that can resemble a disruptor of traditional business models.

Get live Share Market updates and latest India News and business news on Financial Express. Download Financial Express App for latest business news.

Photos