Uday Kotak
Uday Kotak
Uday Kotakis an Indian banker; executive vice chairman and managing director of Kotak Mahindra Bank...
NationalityIndian
ProfessionBusinessman
Date of Birth15 March 1959
CountryIndia
opportunity
The trouble with opportunity is, it never announces when it comes. It's only after it's gone, you'd realize that you missed it.
bothered family
There is socialism in the family that conflicts with meritocracy. And that bothered me.
inability inflation national raise weaker
A weaker currency is a national tariff. After we get a weaker currency, we have to take advantage of that. Or else, we will waste it once more in inflation and in the inability to raise competitiveness.
experiment few hundred work
As long as there is cash, and the economy is running, all is well. But as a bank, we'll have to test, experiment, try a hundred different things. A few may work, a few may fail, but we have to experiment and try.
based care challenged fear growth job objective people purely
Growth should take care of the fear of job losses. People will be challenged to do different things. For people who are not up to it, purely based on objective assessment, that's a different issue, which, you do it anyway.
equity fact good hit needs owner principle restore taking
Historically, in India, the strange fact was that the equity owner was not taking as much hit as the lender. Therefore, if we restore the first principle of economics, that first the equity owner needs to take the hit and then the lender, we will get a good solution.
banking banks believe critical ensure governance nature running special
I do believe that banks are special - they are very leveraged institutions by nature; therefore, it's even more critical to ensure that the governance and the process of running a banking company are well-organised, managed and regulated.
ask believer estate gold indian insurance money moving mutual saving time
If you ask me, over time, I am a believer in the Indian financial saving story getting stronger; a lot more savers are moving money away from gold and real estate into banks, mutual funds, insurance and equities.
branch case cent network per regions south total
Kotak Mahindra Bank has very significant presence in the West and the North, and our total branch network between these two regions is 80 per cent, and in case of ING Vysya Bank, their network in South is 64 per cent of their total branch network.
approach banking believe business entire including parts pockets services tends
Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk.
attention banking customers digital expect love managers mobile older personal relationship terms view younger
Our view is that younger customers love our digital offering, our mobile banking applications and so on. Older customers expect relationship managers and want much more personal attention in terms of their needs.
best indian model scale
The ability to scale up is hard. So the best model for us is concentrated India, diversified financial services, and through this, we can get significant scale on an Indian platform.
benefit debates diverse encounter expression
We encounter very healthy boardroom debates and pretty diverse views, so we have always had the benefit of diversity of opinion and expression before we take some important calls.
add branches change continue physical point possible whether
It is possible that the digital world may change the need for physical branches. We will continue to add branches incrementally, but we will reach a point - whether it is 1,500, 1,800 or 2,000 branches - where we will say enough is enough.