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
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.
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.
budget indian investor
It is a budget for the long-term investor in the Indian economy.
below helps structures
This cleans up our structures below and helps us be integrated.
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.
behaves
When I wear the hat of management, it is important that our management behaves and conducts as management accountable to the board.
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.
mantra period
As we were all growing up, there used to be a very big mantra in India which was called 'export or perish.' There was a long period when we used to focus on import substitution.