Uday Kotak

How Kotak gained over Rs 23,000 cr

How Kotak gained over Rs 23,000 cr

In a surprise capitulation, the RBI had relaxed the rules for the ceiling on percentage of shares held by the founders of private banks.

Finance Ministry working on FRDI bill, says Sitharaman

Finance Ministry working on FRDI bill, says Sitharaman

The comments assume importance given the massive five-fold hike in deposit insurance and the recent changes in the insolvency laws that i...Read More

Kotak Bank drops plea against RBI

Kotak Bank drops plea against RBI

Kotak Mahindra Bank said the RBI has given its in-principle acceptance for reducing promoters' shareholding to 26% of the paid-up voting ...Read More

‘Consolidating brings growth opportunities’

‘Consolidating brings growth opportunities’

In a New Year message to employees, Kotak urged everyone to be on the toes in the current environment where Charles Darwin's 'Survival of...Read More

Only the fittest lenders survive in India's current financial system says Uday Kotak

Only the fittest lenders survive in India's current financial system says Uday Kotak

Mumbai: Noted banker Uday Kotak on Tuesday said the country's financial system is currently in a Darwinian mode as only the fittest lende...Read More

Cars no longer a aspiration, get ready for changes: Uday Kotak

Cars no longer a aspiration, get ready for changes: Uday Kotak

By talking about it he gave the example of his son who prefer to take a taxi rather going in his car.

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

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