"Interest Rates Come Lower In A Developed Market," Says Kotak Mahindra Bank CEO

Kotak Mahindra Bank MD and CEO Ashok Vaswani stated that the banking industry typically grows 7-7.5 times the GDP. He noted that interest rates tend to decrease in developed markets and emphasised the varied evolution of mortgage markets across countries. Vaswani also highlighted the need for banks' balance sheets to adapt to economic development and stressed the importance of internationalisation.

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