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
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.
best comparable financial human ourselves position time
We are going to position ourselves as a world-class financial institution. We want to do things that are comparable to the best in the world. At the same time, we want to have very strong human qualities.
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.
business family joining keen members worried
I was not very keen on joining the family business... there were 14 family members working together, and it worried me that I would not have enough individuality.
capital companies cycle equity financing incomplete market money projects raise
If companies are able to raise equity from the market, then their problems for financing incomplete projects will come to end. Investment cycle in the capital market can kick-start with the money of savers and investors.
believer enjoying journey
I am a believer in the journey and enjoying the journey.
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.
artificial creating early money survive whether
My view is that the bitcoin is in its very early days, and it is an artificial currency. But whether it is creating new money, whether it is sustainable, whether it would survive - I have many questions about it.
life prey remains saved saves
When a lion doesn't get its prey, it remains hungry. When the prey saves himself, he has not won, but has saved his life.
believer increase size
I am big believer that increase the size of the cake is as at least as important as distribution of the cake. To increase the size of the cake, you need to focus on progress.
executing view
My view is that, as management, the focus has to be on having a strategy and executing it. As you do the strategy and execution, it is important to communicate it consistently.
bad careful drop interest lower money move rates savings
What we have to be careful is that if we drop interest rates where the rate of interest is lower than inflation, then savers will not put money in financial savings and move it to gold and real estate, which is bad for India.
financial history home large presence succeeded
If you look at the history of large financial institutions, most of them have succeeded because of a deep presence in their home market.