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
Independent directors have come under a great deal of attention in the past few years. In India, the trend started with the Satyam fraud, where independent directors were seen to have failed spectacularly to do what they were supposed to do. The Satyam case study was India’s contribution to the rich literature on corporate failures … Read more
New Delhi: Finance minister Nirmala Sitharaman has said the budget stresses on areas with high multiplier effect such as infrastructure that would facilitate the private investments with thrust being on transparency and tax stability. Healthcare and Agriculture have been the other priorities for the budget, she said. She said while the Budget provided for enhanced … Read more
NEW DELHI: Private investment, which has been muted for a long time, will start trickling in once the overall capacity utilisation in the system goes beyond 75 per cent that, in turn, will help unleash ‘animal spirits’, CII President Uday Kotak said on Wednesday. The COVID-19 pandemic gave a shock to capacity utilisation and as … Read more