New Delhi, April 7 -- Industrialist and veteran banker Uday Kotak has warned that the West Asia war and United States President Donald Trump's rhetoric on the conflict signal a shift back towards "global colonialism".

Addressing at event for the Federation of Indian Chambers of Commerce and Industry (FICCI) in Mumbai today, Kotak, who is a non-independent director and founder of private sector lender Kotak Mahindra Bank, cautioned that the current geopolitical situation mirrors a similar phase seen in the early 20th century.

Speaking to financial industry participants at the event on 7 April, Kotak said that his comments were not political, but an observation of global developments.

"We are at a very important cusp of what I call as re...