Kotak also acknowledged India's gap with the US in financial services, citing capital—both human and financial
Zerodha co-founder Nikhil Kamath responded, "We won't get a licence even if we wanted.
Kotak was already co-heading the Kotak811, the digital arm of Kotak Mahindra Bank.
It was rumoured that Jay Kotak and Aditi Arya got engaged in August 2022.
Hails UPI, says be it street snacks, medicines, restaurants or tips, all the payments done through UPI. The average UPI transaction cost is near 0 compared to around one percent for cards, says Kotak
Jay Kotak, son of billionaire banker Uday Kotak, says the advent of UPI means he has not had to carry a wallet anywhere in India this month.