UDAY KOTAK
Uday Kotak cautions against over-spending to protect the lives of present generation“We must also be clear that we are all borrowing from the future generations,” Kotak said in his note to employees. “This encompasses both ...
- Rescue acts, growth measures dominate RBI's platter in 2020; new inflation target awaited in new year
Within three weeks of launching the rescue act, the RBI's rate setting panel's meeting got advanced to deliver a deep cut of 0.70 per cent ...
- Nand Kishore appointed executive director of IL&FS
In October 2018, the government had seized control of the IL&FS group and superseded its board with one led by veteran banker Uday Kotak.
- World’s richest banker made $16 billion after a brush with death
A ball that hit him in the head and led to an emergency surgery pushed a 20-year-old Kotak to abandon his dream of becoming a professional ...
- RBI approves reappointment of Uday Kotak as chief of Kotak Mahindra Bank
Speculation was rife about Kotak’s reappointment after RBI released a discussion paper in June this year on governance at commercial banks....
- Billionaire banker Uday Kotak says now’s the best time to invest in India, lists 5 'right sectors'
“I have always believed you have to invest in India when things look more challenging,” Uday Kotak, the managing director of Kotak Mahindra...
- View: Kotak, Kapoor, Bajaj, Gelli and the noise over bank license
Professionals Ramesh Gelli who founded the Global Trust Bank and Rana Kapoor who started Yes Bank ran those two institutions aground forcin...
- RBI working group on bank ownership puts greater onus on promoters, says Hinduja Group
The committee has recommended allowing bank promoters to hold 26% over a period of 15 years from the current 15%. It has also spoken in fav...
- Big business houses may be allowed to set up banks
A Reserve Bank of India (RBI) working group has suggested that big business houses be allowed to set up banks, ending a half-century-old ba...
- RBI internal working group recommends promoters to hold higher stake in private banks
The working group in its proposal has also favourably looked at allowing industrial houses as bank promoters only after making legislative ...
- Why Uday Kotak is unlikely to acquire IndusInd Bank
A merger would get Kotak a significant amount of deposit franchise and lending franchise in some segments where they have not preferred to ...
- Need to encourage long-term investing via delivery-based buying: Uday Kotak
Reforms in the securities market need to focus on encouraging delivery-based customers, who buy on a cash basis, as the bedrock of the stoc...
- India under-invested in healthcare, should double spends: Uday Kotak
During the conversation with private equity major Carlyle Group's co-founder and co-chairman David Rubenstein, Kotak said this is the best ...
- Continued focus on reforms to trigger faster recovery: Uday Kotak
“The determination of the government to meet the challenges by pushing through some long pending reforms like the labour reforms and those ...
- Government extends term of Uday Kotak as IL&FS chairman by one year
The government through a gazatte notification extended term of Kotak, who is managing director and chief executive officer of Kotak Mahindr...
- Concept of globalisation undergoing transition: Uday Kotak
Speaking at a virtual CII-UK Conference, he said the pandemic has changed the future of the Earth in many ways and also given an opportunit...
- IL&FS InvIT for road assets gets Sebi nod
The group is expected to start the process of setting up a sponsor company for the InvIT under its subsidiary IL&FS Transportation Networks...
- Covid-19 impacted IL&FS' ability to conclude asset sales: Uday Kotak
Kotak outlined that for IFIN (IL&FS Financial Service) there have been zero recoveries of large loans given to Group companies.
- Financial sector will need to be recapitalised, says Uday Kotak
"The banking sector's loan book is about Rs 100 lakh crore and the total capital of all banks in India is about Rs 11 to 12 lakh crore. So,...
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