New Delhi: Founder & Director of Kotak Mahindra Bank Uday Kotak on Friday said that the situation is not comparable at present and we need to keep Japan of the 1980s at the back of our mind. “Its Nikkei Index peak was 1989. 34 years later with near zero interest rates, the Nikkei is still below its 1989 peak,” he said. He said that many investors have joined post Covid and they have mainly seen upside. “We must avoid bubbles through policy, regulation, education, and supply of quality paper. Companies should raise equity at lower cost of capital for productive use,” he said. Kotak said India is transforming from a nation of savers to investors. “The tussle between the saver/ borrower and is
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