Only five large banks can survive in long-term: Uday Kotak
Uday Kotak, Kotak Mahindra Bank's Managing Director, said there will be strong consolidation in the financial services sector and only five large banks will survive in long-term. "Globally, only three to five large banks dominate. This is how the future will be in our country as well," he added. He said that SBI will be one of the surviving banks.