Uday Kotak

Kotak hinted at Trump’s attempt to gain control of the 'largest oil reserves on earth' by launching a strike against Venezuela

These transactions — spanning Mumbai, Delhi and Gurugram — reflected a clear shift towards trophy assets, prime locations and globally benchmarked living standards

The veteran banker blamed foreign institutions selling Indian equities and said for now they 'seem smarter' as local investors continue their buying spree

Uday Kotak acknowledged the broader macroeconomic and geopolitical uncertainties that have weighed on investor sentiment.

Kotak pointed out that prior to the COVID-19 pandemic, mutual funds accounted for only a modest share of household savings in India.

The spread between the two benchmark yields has fallen to a more-than-two-decade low, driven largely by a spike in US yields.

The total buying price of 10 grams of 24-karat gold, including GST, is more than RS 1 lakh. Gold rates in India surged in the spot market on Tuesday ahead of Akshaya Tritiya on April 30 and a sharp rally in the global markets.

Jay Kotak has backed the next generation of business families to focus on building businesses, while RP-Sanjiv Goenka Group’s Shashwat Goenka believes it is important to do both investing as well as run operations.

The billionaire Uday Kotak-backed division added 2,280 new families to its client base in private banking in the year ending March 2024

Veteran banker Kotak believes President Trump’s intent to correct US trade deficit with India may put an additional load on India’s CAD. Hence, India’s trade playbook may need to change across economies.

The 12 properties that Uday Kotak and his family bought are located at the Shiv Sagar residential development, according to documents accessed by Zapkey

Kotak highlighted the potential disruption to global supply chains, as the US imposes new tariffs on Canada, Mexico, and China

Kotak Mahindra Bank founder shared a set of ten forward-looking priorities to guide for sustainable growth, and to seek global competitiveness. Uday Kotak's blueprint mentions the need for urgent focus on growth, by reigniting enterprise and the entrepreneurial 'animal spirits' to drive innovation and wealth creation.

Kotak also said that if India has to become global power, we need to get stronger in defence

The October FPI selloff had led to Nifty's worst monthly fall since the pandemic. Uday Kotak said his larger point was if the stock markets are resilient enough to face such a shock, and that the country must get competitive on global trade.

The Mumbai-based firm has begun pitching the new fund through global and local roadshows including in New York to attract investors, according to Ashish Ranjan, a fund manager at the firm.

The year has seen a solid 25% returns on the benchmark indices, with the broader market delivering nearly 48% gains, handsomely rewarding stock market investors. Uday Kotak has advised investors to now be careful about the balance of their investment portfolio.

Stating that resolving the issue around digital onboarding of customers through the bank’s mobile app is not just about satisfying the RBI, but about building the backbone to take the bank to the next level, Vaswani, told Moneycontrol that working on lifting the ban is his top priority.

I don’t feel different or like an outsider: MD & CEO, Kotak Mahindra Bank

Talking about the relationship with Uday Kotak, the bank's founder and non-executive director, Vaswani said that while he didn't know him previously, Kotak deserved credit for stepping away from something he had built.