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Banking system's Goldilocks period is over: Uday Kotak

Mint Kolkata

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February 19, 2025

Indian banking system's Goldilocks period is over, according to Kotak Mahindra Bank founder and former chief executive officer Uday Kotak, who warned of rising stress in the unsecured and microfinance portfolios.

- Gopika Gopakumar

Speaking at the three-day Kotak Institutional Equities' Investment Conference that started on Monday, Kotak cautioned that potential accidents are "unavoidable as we move into a challenging credit cycle".

Kotak, in his last shareholder letter before stepping down in 2023, was one of the few CEOs who had noted that India's financial sector was in its Goldilocks period. But that view has changed.

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