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After IMF calls for urgent reforms, Uday Kotak shares mantra for India to grow at 8%


Veteran banker Uday Kotak said that India needs more risk capital if it has to grow at 7 per cent to 8 per cent. It comes just after the International Monetary Fund (IMF) said that India requires urgent structural and financial reforms, given rising debt levels and the slowing economy. The economy needs to attract further risk capital by building trust among lenders, savers and investors, Uday Kotak, Managing Director and CEO, Kotak Mahindra Bank, said at a CII corporate governance summit on Friday. The risk capital can be attracted by strengthening corporate governance by companies, Uday Kotak added.

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