Uday Kotak, the former managing director and CEO of Kotak Mahindra Bank, along with his family, recently acquired residential property valued at Rs 202 crore in the prestigious Worli Sea Face area of Mumbai. The purchase includes 12 properties within a three-floor development known as Shiv Sagar. According to multiple news reports, the total area … Read more
Hiren Ved, Director & CIO, Alchemy Capital, says EMS is a rapidly growing field, reminiscent of the boom in IT services, with many companies thriving on abundant opportunities. In manufacturing, Dixon leads with a $2 billion valuation in the $70-80 billion power T&D and electronic manufacturing market, suggesting potential for several firms to reach $4-6 … Read more
Savers have turned investors in 2024 as their exposure to bank deposits has fallen to 42% from 53% in 2020, Kotak Mahindra Bank Founder & Director Uday Kotak tweeted. Calling it a rebalancing of household financial assets, Kotak advised investors to change their mindset as the future called for a holistic approach to financial services. … Read more
Mumbai: Kotak Mahindra Bank founder Uday Kotak has warned about interest rates staying elevated for a longer period of time due to a higher-than-expected US inflation and firm oil prices. Kotak said US inflation may dent hopes of interest rate cuts by the Federal Reserve and keep interest rates “higher for longer” even in countries … Read more
As the NPA levels of Indian banks are at multi-year low levels, billionaire banker Uday Kotak believes that most financial institutions now have a clean white shirt after a difficult decade 2009-19. While speaking at the Chasing Growth 2024 Investor Conference organised by Kotak Institutional Equities in Mumbai on Monday, Kotak told investors that the … Read more
US’s Lehman Brothers and India’s IL&FS crisis could offer some learnings to China battling its own Evergrande moment, Uday Kotak, Founder & Director of Kotak Mahindra Bank said on Thursday in a tweet. The billionaire businessman said that Evargrande has finally imploded while attributing the crisis to delays in action by Chinese policymakers. “Evergrande China … Read more
The Reserve Bank of India (RBI) believes that the Insolvency and Bankruptcy Code (IBC) is probably the best mechanism for creditors to recover their dues and said the right way to look at its effectiveness would be to compare the resolution value to the liquidation and not the total loans. RBI, in the latest report … Read more
India’s rise to a global economic power would depend on its performance in absolute gross domestic product (GDP) and absolute per capita income besides current account and fiscal management, Uday Kotak, managing director of Kotak Mahindra Bank, said on Thursday. “There are opportunities to move up the ladder, to be among the top three in … Read more
With the Indian equity market outperforming both developed and emerging markets so far in the calendar year 2022, CEO Uday Kotak on Monday said India is now at a turning point in the global economic order. “China, Europe, UK struggle on geo-politics and economics. India has navigated geo-politics deftly,” Kotak said on Twitter. India sits … Read more
(This story originally appeared in on Jul 20, 2022) MUMBAI: In an indirect call for an interest rate hike, veteran banker Uday Kotak has sounded caution over central banks not following the US Fed in monetary measures. Kotak said that those who have gone out of line had faced severe depreciation. “Central bankers globally move … Read more