Uday Kotak praises purchase of MUFG stake in Shriram Finance, but flags big questions over next step

Veteran banker Uday Kotak on Thursday welcomed MUFG Bank’s move to buy a 20% stake in Shriram Finance, but questioned whether the company would continue as a non-banking financial company (NBFC) or file as a bank. He noted that the current NBFC structure offers significant growth potential without the regulatory constraints faced by banks. “Happy […]