Wednesday, Feb 01, 2023

Uday Kotak


Uday Kotak’s son not in race to lead Kotak Mahindra Bank, lender says

November 15, 2022 5:16 pm

Jay Kotak, son of founder Uday Kotak who has led the business since establishing it in 1985, is not a contender for the role, according to KVS Manian, the firm’s whole-time director.

Follow ringmaster US Fed to save local currency, says Uday Kotak

July 20, 2022 5:32 pm

"Central bankers globally move in a herd led by ring master the US Fed. Whether easy or tight money. Go out of line your currency is crushed. Look at Japan, a 30 plus percent depreciation. That's the power of the US $ the most sought after asset in the world today. How long?" Uday Kotak said in a tweet.

Kotak Mahindra Bank staffer arrested over ‘cheating’ allegations

April 11, 2022 2:07 am

The accused has been identified as Alankar Khare, a loan officer of Kotak Mahindra Bank.

IL&FS resolves Rs 55,000-cr debt; Uday Kotak to exit as tenure ends

March 30, 2022 10:48 am

Infrastructure Leasing & Financial Services Ltd (IL&FS) has addressed debt resolution of Rs 55,000 crore, or nearly 55 per cent of the debt, after the group became a defaulter, and the government superseded its board in October 2018.

Kotak tells startups: Have thorough ‘health check-up’ before IPOs

January 20, 2022 1:00 am

🔴 While in the early stages, startups have the need to be aggressive, being aggressive has “to be consistent with following the law and ensure you are within four corners of law”, Kotak said

Falguni Nayar: The Nykaa among Nayaks

November 14, 2021 3:52 pm

With a worth of Rs 58,635 cr following her beauty business’s market debut, Falguni Nayar has joined India's billionaire club. No one who knows the middle-class Gujarati girl who aced IIM, had a long successful banking career, and then took a giant leap into a new, unknown field at 50 is surprised.

Kotak on IL&FS debt: Rs 52.2K cr resolved, will address Rs 4,800 cr more by March-end

November 03, 2021 12:57 am

The company is sitting on a cash balance of Rs 16,700 crore as of end-October and has repaid Rs 14,100 crore of debt this fiscal so far, IL&FS chairman Uday Kotak said in a press briefing via a video-link.

Arrest the slide

May 28, 2021 8:03 am

Government must provide more direct monetary help to poor, extend schemes for collateral-free loans to small businesses

Uday Kotak: ‘Time for state to get more active; strongly in favour of fiscal support’

May 27, 2021 7:25 am

He said if we can vaccinate a larger percentage of people and move our vaccination to around 15 crore a month by August — that rate would start providing the comfort on gradual opening up thereafter.

Curtail non-essential activity that requires workers’ presence: Kotak to industry

May 04, 2021 4:53 am

Uday Kotak urged the industry to “curtail all non-essential economic activity requiring physical presence of employees at the workplace, for the next two weeks.