Oct 07, 2021 11:05 AM IST
India's 100 richest are now worth $775 billion, according to the Forbes list.
- Sep 22, 2021 04:02 PM IST
Uday Kotak was appointed by the government as the head of the lender's board in 2018 to help the troubled company come out of difficulties, after the state took over the board.
- Jul 29, 2021 09:44 PM IST
"While India was amongst the hardest hit, the silver lining is that we have a tremendous opportunity before us to turn adversity into success for our people," Uday Kotak said.
- Jul 29, 2021 09:03 PM IST
During the year, the bank has undertaken a mindset shift to make retail and commercial lending focus, in addition to the corporate and deposit franchise, the veteran banker said in his message at the 2020-21 annual report.
- May 27, 2021 09:02 AM IST
Kotak also said the budget for FY22 was conservative in revenue estimates because if which a 6.8 percent fiscal deficit can be managed.
- May 04, 2021 10:40 PM IST
Kotak Mahindra's stock has underperformed both the Nifty and Bank Nifty in the last three months as its overly cautious approach to growth often doesn’t go down well with growth-hungry investors. More recently, the capping of private bank CEO’s tenure to 15 years by the RBI has raised questions about the bank’s future leadership as founder CEO Uday Kotak’s term ends on December 2023.
- May 03, 2021 09:55 AM IST
Such a move, he says, is necessary to reduce suffering. Though healthcare workers are putting in their best efforts to tackle the crisis, it might not be enough to manage the escalating caseloads with the medical talent available, he says. CII also lists a number of other suggestions.
- Apr 26, 2021 07:49 PM IST
The RBI rules allow Uday Kotak to continue till January 1, 2024 . However, the regulator has given a signal to the bank to plan the transition process.
- Mar 19, 2021 09:51 PM IST
Late former president Pranab Mukherjee was posthumously bestowed with the Hall of Fame Award, which was received by his daughter Sharmishtha Mukherjee.
- Feb 24, 2021 04:56 PM IST
The private sector banks can be involved in "conduct of government-related banking transactions such as taxes and other revenue payment facilities", the Department of Financial Services (DFS) said.
- Feb 17, 2021 07:33 PM IST
The expenditure which would be incurred to vaccinate the employees and local communities could be made "part of the Corporate Social Responsibility (CSR)", Kotak reportedly suggested to the Prime Minister.
- Jan 27, 2021 04:04 PM IST
The quality of growth at Kotak Bank remains as strong as ever. There are good reasons to pick it on every decline.
- Dec 14, 2020 10:35 PM IST
It may be noted that the board of the bank and the shareholders had approved these re-appointments, subject to the approval of the RBI, at their respective meetings held on May 13, 2020, and August 18, 2020, the filing said.
- Oct 26, 2020 11:48 AM IST
Kotak Mahindra Bank may benefit in the long term by acquiring IndusInd but any bank merger comes with prolonged integration issues. Is this the right time?
- Oct 20, 2020 11:06 AM IST
Kotak Mahindra said "right sectors" to invest in India include digital, e-commerce, technology, pharmaceutical and consumers.
- Sep 23, 2020 08:54 PM IST
This is Kotak's second extension on IL&FS board, after the government extended his term for a year in October last year
- Sep 15, 2020 07:19 PM IST
The way India understands self-reliance is certainly being stronger, more confident and at the same time globally engaged, Kotak added.
- Aug 18, 2020 02:51 PM IST
Uday Kotak said "we are moving to a world in finance, technology and business to a never normal world".
- Jul 23, 2020 05:43 PM IST
Speaking at a virtual interaction, Uday Kotak emphasised that the financial sector must have adequate capital risk management expertise
- Jul 21, 2020 03:25 PM IST
HDFC Bank Managing Director Aditya Puri took home a total remuneration of Rs 18.9 crore in FY20
- Jul 20, 2020 12:49 PM IST
Aggregate value of debt being addressed is now estimated as over Rs 57,000 crore – with around Rs 50,500 crore likely to be addressed by March 2021
- Jul 09, 2020 11:02 PM IST
Kotak further said there will be costs that cannot be borne by businesses or the government, and these will be borne by the financial sector.
- Jun 28, 2020 08:44 AM IST
Kotak said that for private sector banks conservatism arises as they need to safeguard the interest of the depositors, whose trust in the private sector is critical for their functioning.
- Jun 15, 2020 09:57 AM IST
The nearest contender to break Puri’s record is Kotak Mahindra Bank’s promoter and CEO, Udaky Kotak, who has completed 17 years as bank chief. Kotak is the chief executive of the bank since 2004.
- Jun 14, 2020 04:24 PM IST
The outbreak of COVID-19 and sudden fall in demand has hit industries across the world.