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‘We have to find a safety net for people who will be left out’: Uday Kotak

November 08, 2020 10:27 am

At an e-Adda held last week, Uday Kotak, MD & CEO, Kotak Mahindra Bank, and President, Confederation of Indian Industry (CII), spoke on the impact of Covid on the economy, risk aversion among banks, and how technology will drive business in the future.

Recovery is ‘two-speed’; stressed sectors, people need a safety net: Uday Kotak at eAdda

October 30, 2020 8:19 am

Speaking at the Express e-Adda organised by The Indian Express, Kotak said sectors including consumer goods, e-commerce, IT, digital, telecom, and pharmaceuticals were doing much better, while aviation, tourism, hospitality, and some general services were facing challenges.

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All eyes on economy, Uday Kotak is guest at Express e-Adda today

October 30, 2020 8:20 am

To discuss the way forward and reforms needed to boost growth, Uday Kotak, MD & CEO, Kotak Mahindra Bank, and President, Confederation of Indian Industry (CII), will be the guest at the Express e-Adda Thursday.

Uday Kotak gets 1-year extension on IL&FS board

September 24, 2020 11:10 am

Kotak, the non-executive chairman of IL&FS, was given a go-ahead for three months initially, which was followed up with a nine-month relaxation that ended on October 2019. He was then given a one-year extension till October 2020.

Uday Kotak: ‘Rs 50,500K crore of IL&FS debt likely to be resolved by FY21-end’

July 21, 2020 5:11 am

The company said the cumulative debt to be resolved is Rs 57,000 crore, from IL&FS Group’s total debt of around Rs 99,000 crore.

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Coronavirus impact: Mukesh Ambani's net worth drops 28% to $48 billion in two months

April 06, 2020 2:00 pm

The chairman and managing director of the diversified Reliance Industries saw his wealth decline to USD 19 billion, taking his global ranking down eight places to 17th, the Hurun Global Rich List said.

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Silver lining: Sharpest oil slump since 1991 may help ease pressure on deficit

March 10, 2020 7:31 am

In the biggest slump since the 1991 Gulf War, crude oil prices fell as much as 33 per cent between Friday and Monday and hit a level of $33 per barrel — as Saudi Arabia and Russia signalled they would hike output despite sliding demand globally.

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Kotak Mahindra Bank gets RBI nod for trimming promoters' stake

February 19, 2020 4:32 pm

On January 30, the bank had informed about RBI's in-principle acceptance for reducing promoters' shareholding to 26 per cent of the paid-up voting equity share capital (PUVESC) of the bank within six months from the date of final approval of the regulator.

Sixteen months & Rs 100-crore fees later, no sign of IL&FS resolution plan

February 11, 2020 9:20 am

Since the new board took over in September 2018, IL&FS has only been able to complete the sale of its wind energy assets, thereby leading to a debt resolution of Rs 4,300 crore out of the total debt outstanding of around Rs 94,000 crore.

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Indian financial system in Darwinian mode, only fittest lenders survive: Uday Kotak

December 17, 2019 9:54 pm

"Sector after sector has seen that it is going to be more consolidated than ever before. Consolidation in the Indian economy is happening more out of mortality and less out of combinations," Kotak said.