RBI board's decisions will be positive for economy: Uday Kotak
Kotak Mahindra Bank's MD and CEO Uday Kotak welcomed the decisions taken at RBI's recent board meeting and said the outcomes will be positive for the economy. The RBI board proposed a restructuring scheme for stressed assets of micro, small and medium enterprises (MSMEs) with loans up to â¹25 crore, and gave banks concession on capital adequacy norms.