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
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.
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.
baggage builds carefully grows sort steadily structural wonderful
If India grows steadily and does the structural things right and carefully unties knots, builds an institutional process which sort of cleans up the corruption and the baggage in the system, I see it as a wonderful marathon.
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.
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.
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.
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.
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.
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.
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.
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.
behaves
When I wear the hat of management, it is important that our management behaves and conducts as management accountable to the board.
good harm
There's no harm being a copycat. If someone else is doing a good job, copy. It's free.