Kotak: Risk capital key to high growth

Kotak said India lacks risk capital, and access to such capital will not come easily unless lenders, savers and investors trust firms

India’s target of achieving growth rate of 7-8 per cent will heavily depend upon the corporate governance standards followed by India Inc and gaining investors’ trust to attract risk capital, said Uday Kotak, managing director and chief executive officer of Kotak Mahindra Bank, and president-designate of CII.

“If we aspire for 7-8 per cent or 8-9 per cent growth, changing the mindset on risk capital and building that trust bridge is core to our future,” he said at the 13th National CII Corporate Governance Summit on Friday.

Kotak said India lacks risk capital, and access to such capital will not