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The Latest Breaking News from Uday Kotak

Uday Kotak calls for committee to address India's gold imports, sees FY27 bill at up to USD 90 bn

Uday Kotak urged India to address its substantial gold import bill. He projected gold imports could reach USD 88-90 billion by FY27. Kotak also highlighted the need for further fiscal consolidation efforts. He advised leveraging global uncertainty for accelerated reforms and investment. Strengthening Centre-state coordination is crucial for national resilience.

The Economic Times

India supplies Wall Street with CEOs but has a shortage at home

India’s biggest private banks are finding it increasingly difficult to identify executives with the breadth of experience needed to lead large, complex institutions. HDFC Bank and Kotak Mahindra Bank’s CEO searches have highlighted a surprisingly narrow talent pool, as regulatory requirements, limited succession pipelines and competing financial sectors constrain potential…

The Economic Times

HDFC, Kotak CEO departures put succession planning at India’s private banks under scrutiny

Recent unexpected leadership changes at top Indian private banks raise succession planning concerns. Investors question long-term business strategy continuity amid these abrupt departures. HDFC Bank and Kotak Mahindra Bank face leadership transitions, surprising many analysts. Stricter regulations and competition from fintech also affect talent retention. Improved succession visibility will help…

The Economic Times

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GIFT IFSC emerges as international banking hub with $52.82 bn FCNR(B) disbursals: Uday Kotak

GIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty-two billion dollars of FCNR(B) deposits under a swap facility. International Financial Services Centres Authority highlighted strong performance in foreign-currency mobilization. Indian banks also raised eleven billion dollars through bond listings on IFSC exchanges. These developments connect…

The Economic Times

Uday Kotak warns of 'roller coaster' ride in interest rate markets

Japan’s 10-year bond yield crossing 3% and rising US yields are raising concerns over tighter global liquidity, higher inflation and interest rates. Veteran banker Uday Kotak warned that central banks may have to expand their balance sheets, potentially pushing short-term rates higher and making global interest-rate markets more volatile.

The Economic Times

Uday Kotak sees GDP resilience, warns India not to lower guard

India's economy grew 7.8 percent in the April-June quarter, showing resilience. Veteran banker Uday Kotak noted ongoing geopolitical and economic risks. Unresolved Middle East tensions and AI advancements pose challenges. US bond yields are also creating market volatility for India. Despite these concerns, India has built foreign currency deposits for…

The Economic Times

Kotak Mahindra Bank recommends two internal candidates for CEO, sources say

Kotak Mahindra Bank has recommended two internal candidates to succeed its CEO. Executive directors Anup Saha and Paritosh Kashyap were named for the role. These recommendations are for the Reserve Bank of India's approval. The current CEO's term concludes on December 31, 2026. The bank aims to accelerate its growth…

The Economic Times

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₹60 crore to ₹600 crore: Meet India's ultra-rich buying homes that cost more than private jets

India's ultra-luxury housing market is experiencing significant growth and expansion. Gurugram is emerging as a strong contender in high-value property transactions. Homes priced above ₹20 crore are seeing substantial sales increases. Meanwhile, the supply of affordable homes is declining across major cities. This indicates a widening gap in the Indian…

The Economic Times

Kotak Mahindra Bank shares fall 3% after CEO's surprise exit. What Nomura, Jefferies said

Analysts at Nomura and Jefferies, however, maintain 'Buy' ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts believe the bank's strategic direction will remain consistent.

The Economic Times

Kotak Mahindra Bank has 'high ambitions' to deploy capital for growth, CEO says

Kotak Mahindra Bank is actively pursuing acquisitions, including loan portfolios and alternative assets, to deploy surplus capital and fuel growth. CEO Ashok Vaswani aims for the bank to become India's third-largest private lender by profit. The bank is also investing heavily in technology and AI to enhance efficiency, expecting workforce…

The Economic Times

Uday Kotak questions SpaceX valuation, says only time will tell if we're in ‘mega bubble'

Uday Kotak described SpaceX’s blockbuster IPO as a test for capitalism, questioning whether investors are backing humanity’s future or fueling a massive bubble. His remarks came after the company’s debut propelled Elon Musk to trillionaire status and lifted SpaceX into the world’s corporate elite.

The Economic Times

Aditya Shah favors domestic growth themes, stays bullish on IT and infrastructure sector

Aditya Shah of Hercules Advisors identifies EPC companies with strong order books as key infrastructure opportunities, favoring players like Ahluwalia Contracts and PSP Projects. He remains constructive on IT despite AI concerns, highlighting TCS and HCL Tech for their dividend yields. Shah also sees value in ITC due to its…

The Economic Times

‘IPL is done, get back to business’: Why Uday Kotak thinks Google’s $80 billion raise is a wake-up call for India Inc

Banking doyen Uday Kotak has urged Indian companies to invest in the future, calling Alphabet's $80 billion fundraise a wake-up call. He emphasized shifting focus back to business building now that the IPL has concluded. Kotak highlighted that even profitable tech giants like Alphabet continue to invest heavily in long-term…

The Economic Times

'It's time to wake up': Udak Kotak's big warning to Indian businesses as even cash-surplus Google seeks $80 billion

Veteran banker Uday Kotak urged Indian companies to urgently invest in future technologies, especially AI, citing Google's massive $80 billion capital raise. He highlighted that global tech giants are aggressively reinvesting despite strong profits, a stark contrast to India's restrained long-term innovation spending. Kotak called for a renewed focus on…

The Economic Times

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The Economic Times

Time for India to focus on business of business, says Uday Kotak

Uday Kotak, Founder and Director of Kotak Mahindra Bank, emphasized that it is time for India to focus on the business of business now that other distractions have concluded. This call to action comes as global technology giants scale up their financial capacity to build next-generation infrastructure, highlighting a massive…

The Economic Times

Jab Anand Mahindra met a young MBA: M&M Chairman recalls first encounter with Padma Bhushan Uday Kotak

Industrialist Anand Mahindra reminisced about his first meeting with Uday Kotak, a young MBA graduate who pitched a bill discounting idea that evolved into a leading banking institution. Mahindra lauded Kotak's "magnificent and inspiring journey" from financial intermediation to becoming a respected global banker, acknowledging his recent Padma Bhushan honor.

The Economic Times

President Murmu confers Padma awards; veteran banker Uday Kotak, actor Dharmendra, violinist Rajam among top honourees

President Droupadi Murmu presented India's top civilian honours. Violinist N. Rajam received the Padma Vibhushan for her classical music contributions. Former Governor Bhagat Singh Koshyari and banker Uday Kotak were awarded the Padma Bhushan. Actor Dharmendra was posthumously honoured with the Padma Vibhushan for his cinema work. His wife Hema…

The Economic Times

'Too much Vishnu': Banker Uday Kotak says India needs more of Brahma and Mahesh to become a powerful economy

Veteran banker Uday Kotak urged India to embrace innovation and disruptive thinking to become a powerful economy, warning that excessive focus on preservation could hinder its rise. He emphasized the need for more creation and destruction, akin to Brahma and Mahesh, to drive economic change in a world increasingly defined…

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MyLifeXP

Why Experts Fear India’s Toughest Economic Phase Yet

A single statement from banker Uday Kotak has suddenly sparked fear across India’s business and financial circles. “The shock is coming,” he warned while speaking about the growing Iran conflict and India’s dangerous dependence on imported oil. At first, it sounded like just another economic caution. But when India’s top…

The Economic Times

'The shock is coming and no one has any answer': Uday Kotak warns Indians to prepare for the worst days after PM Modi’s austerity call

Business tycoon Uday Kotak warns that the real economic pain from the Iran war is yet to hit Indian consumers, with soaring energy prices poised to trigger a major financial shock.

The Economic Times

Uday Kotak puts India's troubles in perspective as the economy swings between hope and despair in the wake of Iran war

CII Annual Summit: Uday Kotak issued a rallying cry for India to gear up for looming global challenges. He stressed upon the importance of a proactive stance rather than a wait-and-see approach for India to successfully navigate the current global turmoil.

Newslaundry

Piyush Goyal is right and wrong: Why Indian startups aren’t building the future

“Life can only be understood backwards; but it must be lived forwards,” said the nineteenth century Danish philosopher Soren Kierkegaard. In this piece, we will try and understand life backwards.

The Hindu

RBI imposes business curbs on Kotak Bank for IT infra deficiency

RBI directs Kotak Mahindra Bank to stop new customer onboarding and credit card issuance due to IT compliance issues.

The Times of India

Kotak Mahindra Bank weighs insurance unit stake sale: Report

Kotak Mahindra Bank, backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter.

Newslaundry

BharatPe co-founder Ashneer Grover’s fall from grace

In what seems like a script from a movie, entrepreneur Ashneer Grover’s fortunes seem to be unravelling even as he achieves viral fame thanks to his appearances on the hit show, Shark Tank India.

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