uday kotak - Latest News, Analysis, Opinion

Banking & Finance Banking

In a letter to shareholders, he stated his decision to step down from his whole-time position

Uday Kotak Clarifies His Statement, Calling Dollar As "Financial Terrorist"

Uday Kotak said the status of American dollar as a reserve dollar gives it power to regulate international trade, putting other countries in a dependent position while transacting

Uday Kotak To Take Non-executive Role Post His Tenure As MD & CEO

The bank said the shareholders had voted in favour of appointing Kotak in a non-executive role on the bank’s board post the end of his tenure, and the resolution for the same received more than 99 per cent e-votes from members

Kotak Bank’s Shareholders Nod For Uday Kotak To Be Non-executive Director Post MD Term

He would be taking the director role after ending his term as MD and CEO on December 31, 2023, according to the bank’s exchange filing

Room For Indian Economy To Be Top Three In The World: Uday Kotak

Economy

Uday Kotak said that there is a need to build scale in manufacturing based on cutting-edge product innovation and developing IP rights rather than depending on arbitrage alone to secure an advantage

Kotak Mahindra Bank Rules Out Uday Kotak's Son As New Boss: Report

KVS Manian, the firm’s whole-time director in an interview, denied Jay Kotak taking over as the bank’s next chief adding that Jay is still young and would have to work his way up on merit

Sebi Makes Provision Of Separation of Chairperson And MD/CEO Roles Voluntary

The Uday Kotak Committee, setup in June 2017 had recommended the separation of the roles of chairperson and MD/CEO of listed companies

Policymakers Need To Avoid One-upmanship While Writing Rules: Uday Kotak

"Governance is not just about what is put in place, it is about the state of mind, about a genuine belief that we must grow on a principle of doing the right things without giving up the core objective of business which is enterprise, creativity, professionalism and growth," he said.

Indian Banks Behind The Curve On Payments: Uday Kotak

Therefore, it's a wake-up call for Indian banking, he said: Wake up, you will see large parts of the traditional financial markets move out.

Uday Kotak Slams Twitter User, Who Blamed Him For Incorrect Pricing Of Paytm IPO

Economy

Kotak Mahindra Bank, already issued a clarification after a Twitter user accused him of incorrectly pricing the Paytm IPO.

Govt Extends Uday Kotak''s Term As IL&FS Chairman By 6 Months

The government through a gazette notification extended the term of Kotak, who is also the managing director and chief executive officer of Kotak Mahindra Bank, till April 2, 2022.

Be Upfront In Recognising Stress, Don't Kick Can Down The Road: Uday Kotak To Banks

The comments come at a time when the pandemic has triggered concerns around the asset quality, but the RBI has expressed some relief after seeing lower than expected impairments.

Kotak Pitches For Fiscal Package To Deal With COVID-19 Impact

The government had announced the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) as part of the Atmanirbhar Bharat package.

Kotak Mahindra Bank Shares Gain Over 2 % After Q4 Earnings

Banking & Finance Banking

Keeping the same in mind, the bank has consciously reduced its exposure to retail unsecured lending over FY21, and it now contributes only 5.8 per cent of the overall book as against 7.5 per cent in the year-ago period.

Capital Markets Engine For India's Growth, Says Uday Kotak