Uday Kotak

IL&FS cuts about 50 per cent staff since October for cost-cutting

IL&FS cuts about 50 per cent staff since October for cost-cutting

The crisis-ridden IL&FS Group has either laid off or separated 43% employees as a cost cutting measure since its new board was appointed ...Read More

Uday Kotak moots new legislation to reform public sector banking

Uday Kotak moots new legislation to reform public sector banking

After the abrogation of Article 370, banker Uday Kotak Monday called upon the government to bring in more legislative changes to lower st...Read More

‘High time 60 per cent tax on risk capital be cut’ Uday Kotak

‘High time 60 per cent tax on risk capital be cut’ Uday Kotak

Amid the growing worries over higher taxes that have roiled the markets, banker Uday Kotak called for a relook at the levy on risk capita...Read More

Kotak doesn't see systemic risk in crisis afflicting NBFCs

Kotak doesn't see systemic risk in crisis afflicting NBFCs

Kotak, who has been tasked by the Government to navigate the troubled infra lender IL&FS out of the mess, said concerns on solvency of so...Read More

India Inc says time for transformation as Modi looks set for second term

India Inc says time for transformation as Modi looks set for second term

New Delhi: Industry leaders Adi Godrej, Anil Agarwal and Uday Kotak Thursday said it was time for transformation of India to achieve its ...Read More

It is about the bank: Kotak Mahindra tells RBI

It is about the bank: Kotak Mahindra tells RBI

Mumbai/NewDelhi: Locked in a legal battle with RBI over promoter stake dilution issue, Kotak Mahindra Bank has alleged the regulator is “...Read More

Some respite for the debt-hit IL and FS this wk

Some respite for the debt-hit IL and FS this wk

New Delhi: Finally some good news has knocked the doors of the cash-strapped IL&FS Group that shook the non-banking finance sector la...Read More

Government to ask RBI to defer provisioning for IL&FS loans

Government to ask RBI to defer provisioning for IL&FS loans

New Delhi: The government will soon approach the Reserve Bank of India (RBI) seeking a special dispensation for deferment of provisioning...Read More

India Inc pitches for RBI rate cut to prop up growth

India Inc pitches for RBI rate cut to prop up growth

NEW DELHI: Ahead of the monetary policy review, India Inc on Thursday urged the RBI to cut interest rate and reserve ratio to prop up gro...Read More

IL&FS to sell cars, office furniture to raise funds

IL&FS to sell cars, office furniture to raise funds

New Delhi: Debt-laden IL&FS group firms are selling high-end cars, office furniture, electrical appliances and other assets in a bid ...Read More

Demonitisation poorly executed: Uday Kotak

Demonitisation poorly executed: Uday Kotak

Mumbai: The outcome of the controversial demonetisation would have been “significantly better” if “simple things” like introducing the hi...Read More

Parliamentary panel to  take stock of IL&FS crisis

Parliamentary panel to take stock of IL&FS crisis

New Delhi: The Parliamentary Standing Committee on Finance will take stock of the developments at crisis-hit IL&FS Group for three da...Read More

Board finds financial mismanagement, malpractices in IL&FS group firms

Board finds financial mismanagement, malpractices in IL&FS group firms

Mumbai: The new board at Infrastructure Leasing & Financial Services (IL&FS), headed by banker Uday Kotak has so far found erosio...Read More

348 arms make IL&FS resolution complex: Uday Kotak

348 arms make IL&FS resolution complex: Uday Kotak

Mumbai: IL&FS group chairman Uday Kotak on Thursday hinted that the crisis at the infra lending and engineering conglomerate is much ...Read More

Government determined to contain IL&FS crisis so that there is no adverse impact: Arun Jaitley

Government determined to contain IL&FS crisis so that there is no adverse impact: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley Thursday said the government is determined to contain the crisis at the IL&FS at the earlies...Read More

Former directors extend support to Kotak’s turnaround efforts

Former directors extend support to Kotak’s turnaround efforts

New Delhi : A day after the government superseded IL&FS board, former independent directors of the crisis-ridden group has written to...Read More

Government supersedes IL&FS board; vows to prevent defaults, improve liquidity

Government supersedes IL&FS board; vows to prevent defaults, improve liquidity

Mumbai/New Delhi: The government Monday seized control of debt-trapped IL&FS, superseding its board with one led by India’s richest b...Read More

Kotak Bank takes knock as RBI nixes pref share issue

Kotak Bank takes knock as RBI nixes pref share issue

Mumbai : The Reserve Bank of India (RBI) on Tuesday said the recent stake dilution by Kotak Mahindra Bank founder Uday Kotak does not mee...Read More

Electronics imports have nearly doubled in 5 years, worrying sign says Uday Kotak

Electronics imports have nearly doubled in 5 years, worrying sign says Uday Kotak

Indian money in Swiss bank rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid...Read More

Bad loans: Advantage NBFCs & private banks

Bad loans: Advantage NBFCs & private banks

Last week, in his annual letter to shareholders of Kotak Mahindra Bank, Uday Kotak, the managing director, stated that private sector ban...Read More

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