Evergrande Crisis: China's Lehman moment, says Uday Kotak; praises Modi government's action on IL&FS matter
Evergrande seems like China’s Lehman moment, Uday Kotak said on Twitter, adding that it reminds us of IL&FS.
Praising the Modi government, Kotak added in his tweet, "Indian Government acted swiftly. Provided calm to financial markets. The Government appointed board estimates 61% recovery at IL&FS." Pics: Reuters, PIB, Uday Kotak Twitter.