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
age banking board certain debate director members per view whether
My view is that at a certain age - and we can debate whether that age is 70-72 or 75 - members need to step off boards. As per the banking guidelines, that age for the director on a board today is 70.
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.
Our approach to banking is very different from the traditional banks or even some of the new banks. We do not necessarily go out and write single-cheque, large-ticket loans.
certainly far levels markets price risks
In equities, you price the risk. As far as debt is concerned, if the markets get more sophisticated where, for the levels of risks that you take, you get the debt returns, we will certainly look at it. It's back to a philosophy of risk-adjusted returns.
europe followed happened largest opened somebody
If you look at 2009, why did the recovery happen? Recovery happened because somebody in the world's largest economy opened the tap: the U.S., followed by Europe and now Japan.
against backing based cannot dreams equity family influence political
I have got nothing against family companies, but there must be real equity, that is all I say. It cannot be based on influence or political friendships. It has to be based on real equity backing their dreams.
build deficit fiscal fund rather trouble
A lot of our fiscal deficit went to fund consumption and really did not get used to build investment and infrastructure. The trouble is, you can get a spurt in GDP growth, which may not be sustainable. I would much rather build the gradient of a long-term marathon.
customers future money older younger
Younger customers are the future, but older customers have the money. So you need both: one for the present, and the other for the future.
good harm
There's no harm being a copycat. If someone else is doing a good job, copy. It's free.
below helps structures
This cleans up our structures below and helps us be integrated.
budget indian investor
It is a budget for the long-term investor in the Indian economy.
columbus discovered finally
It's like Christopher Columbus has finally discovered India.
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.