In a letter to shareholders, Kotak Mahindra Bank’s Managing Director (MD) and Chief Executive Officer (CEO) Uday Kotak on Saturday warned against ‘bureaucratisation’ of financial services.
“I feel the financial sector players risk becoming more robotic, curbing the entrepreneurial flair since the fear of making a mistake overrides the joy of creation and development. While we need ‘Arjuna’s eye’ on risk management, we must prevent bureaucratisation of financial services,” Kotak said.
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