Uday Kotak

Billionaire Uday Kotak urged Indian businesses to invest in the future, highlighting a global lag in AI technology. He cited Google's massive $80 billion AI infrastructure investment, noting its scale dwarfs India's entire listed market. Kotak called this a wake-up call for companies to prioritize future growth, especially after the IPL season concludes, emphasizing the 'business of business'.

President Droupadi Murmu presented 66 Padma awards at Rashtrapati Bhavan. Violinist N Rajam received Padma Vibhushan. Actor Dharmendra was honored posthumously with Padma Vibhushan. Actor Prosenjit Chatterjee received Padma Shri. The ceremony recognized distinguished service in various fields. A total of 131 Padma awards were approved for 2026.

Uday Kotak, founder of Kotak Mahindra Bank, urged India to reduce its reliance on foreign capital and cultivate a robust domestic pool of long-term risk capital for true self-reliance. He emphasized that companies should prioritize building businesses with a three-to-five-year vision over short-term stock price fluctuations, advocating for stronger domestic private equity and venture capital ecosystems.

India must cut reliance on foreign capital & build a strong domestic pool: Uday Kotak

Uday Kotak warns of a return to global colonialism, citing geopolitical shifts and US policy. He urges India Inc to boost innovation, manufacturing, and energy security, emphasizing self-reliance. Kotak highlights the changing global power balance and the need for India to seize this turning point with urgency and purpose, preparing for potential structural disruptions.

Noted banker Uday Kotak on Tuesday said the country's financial system is currently in a Darwinian mode as only the fittest lenders are able to survive.

Private sector banks are accounting for "nearly entire" loan growth following the nearly Rs 13,000-crore scam at the state-run PNB, he said and projected that over the next four years, they will corner half of the credit market, up from 30 per cent now.

The IL&FS Group is working towards addressing a ‘significant portion’ of the outstanding debt of Rs 94,000 crore by July 2020, its chairman Uday Kotak said on Tuesday. The veteran banker said the company has emerged as a ‘test case’ on group-wide resolution of stressed assets.

Confident that India is on a 'marathon' growth path, eminent banker Uday Kotak has said that the markets should not look for any 'steroids' even as he warned against excessive debt exposure of the corporates.

In the three decades since he founded the Kotak Mahindra Group, Uday Kotak has managed to sidestep industry crises which resulted in many of his larger peers falling by the wayside.

Kotak Mahindra Bank vice-chairman and managing director Uday Kotak has said that concerns of solvency of some institutions are weighing on markets. There is, however, no systemic risk yet, he added.

After a nine-hour meeting held on Monday, the board took a slew of steps including a restructuring scheme for MSME borrowers with credit facilities of up to Rs 25 crore. "I am very happy that there are positive outcomes which ultimately help the economy. I respect the judgement of the board," Managing director and CEO of Kotak Mahindra Bank said.

Overseas investors should look to invest in Indian digital to consumer sector companies now as the economic fallout of the coronavirus pandemic makes valuations of businesses attractive, Asia’s richest banker Uday Kotak said.

New Delhi, Mar 8 () Kotak Mahindra Bank's promoter Uday Kotak today sold 1.5 per cent stake in lender to two Canadian pension funds for an estimated Rs 2,255 crore through open market transactions.

Uday Kotak's recent statement praising Indian housewives as astute fund managers due to their traditional investment in gold has sparked widespread discussion. Sridhar Vembu supported this view, emphasizing gold's role in India's stability and civilizational continuity. Amidst soaring gold prices and global economic uncertainty, the debate on gold's accessibility for ordinary citizens has resurfaced.

New Delhi, Mar 8 () Kotak Mahindra Bank's promoter Uday Kotak today sold 1.5 per cent in the private sector lender to two Canadian pension funds for an estimated Rs 2,255 crore through an open market transaction.

In India's biggest banking merger, Kotak Mahindra Bank is acquiring mid-sized private sector ING Vysya Bank in an all-share deal worth Rs 15,000 crore.

Banker Uday Kotak has said the outcomes would have been different if demonetisation was planned well. “I think we would have had significantly better outcomes, if we had just thought about simple things. If you are taking out Rs 500 and Rs 1,000 notes, why would you introduce Rs 2,000 notes?" he asked.

Banker Uday Kotak on Friday pitched for rules to enable exits and consolidation in the financial sector. Kotak, the head of Kotak Mahindra Bank, said non-disruptive creative destruction is essential for the financial sector to help in winding up of businesses. The comments come when companies like DHFL are grappling with the future of debt in doubt.

The government on Wednesday extended the term of Uday Kotak as non-executive chairman of debt-ridden IL&FS group by another six months.

Uday Kotak, the renowned industrialist and banker, has been appointed as the new Chairman of Gujarat International Finance Tec-City Company Limited (GIFT City Co. Ltd.). He takes over from Hasmukh Adhia, bringing his extensive experience from leading the Kotak Mahindra group. This appointment marks a significant development for India's first operational smart city and its International Financial Services Centre.

The concept of globalisation is undergoing a transition in a world facing the challenge of Covid-19 pandemic and self-reliance is gaining momentum, CII President Uday Kotak said on Tuesday.

Kotak Mahindra Bank chairman and managing director Uday Kotak on Friday proposed diluting government stake to below 50% in three of the 12 state-owned banks and running the other three through public-private pa-rtnership.

Kotak Mahindra Bank managing director and CEO Uday Kotak may have to relinquish his position if a discussion paper floated by the Reserve Bank of India (RBI) is implemented.

The deal comes within days of the bank raising over Rs 7,400 crore through a qualified institutional placement of shares over the weekend. The promoter holding in the bank had come down by a tad over 1 per cent from 29.8 per cent after the QIP issue.

It can be noted that on August 2, Kotak had sold a part of his stake in the lender, bringing down his personal holding to under 20 per cent, by issuing perpetual non- cumulative preference shares (PNCPS).