Uday Kotak

While private credit as an asset class has expanded globally, India has become a hotbed for the strategy, where institutions and funds make loans directly to companies, as investors hunt for higher returns.

In the clarification, Kotak Bank noted that Kingdon never disclosed to KMIL that they had any relationship with Hindenburg nor that they were acting on the basis of any price sensitive information.

Adani-Hindenburg case: US-based Hindenburg Research received a 46-page show cause notice from SEBI regarding its Adani Report on June 27, the shortseller said.

Despite a 'rough history' in India's banking sector, the nation must find ways to fix things quickly and move on, whenever things goes wrong, Kotak added.

Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries

Kotak Mahindra bank said in response that it has taken measures for 'adoption of new technologies to strengthen its IT systems and will continue to work with RBI to swiftly resolve balance issues at the earliest'

Headline inflation in the US rose more than expected in March, eroding any hopes of a rate cut by the Federal Reserve in the near term

The Kotak Mahindra Bank founder was responding to a social media post by Kotak AMC's Nilesh Shah

Uday Kotak's statement comes days after the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch raised concerns over frothiness in small- and mid-cap stocks.

Kotak said RBI has done a phenomenal job as a regulator in the last few years, and ensured financial stability along with good macro economic management despite the coronavirus pandemic.

He replaced Dipak Gupta, who was the interim MD and CEO, following founder director Uday Kotak stepping down as the head of the bank, effective September 1, 2023.

The large corporate sector has to meaningfully move to capital markets (debt and equity) and away from banks. Banks will become distributors of corporate debt rather than storage houses.

The last ten years have seen progress in capacity addition, consumer rights, and reduction in losses, but manufacturing facilities for renewable energy and transmission infrastructure are way behind targets.

Uday Kotak had started a finance firm in 1985 and later converted it into a bank in 2003. Today, Kotak Mahindra Bank is among India's top four banks in the private sector.

From recognizing promising startups to honoring established industry giants, and sporting talents, the 19th edition of IBLA 2023 celebrated a spectrum of achievements.

India’s July-September 2023 GDP growth stood at 7.6 percent versus 6.2 percent in July-September 2022.

It was rumoured that Jay Kotak and Aditi Arya got engaged in August 2022.

Kotak Mahindra Bank, in an exchange filing on October 21, said that the Reserve Bank of India has approved the appointment of Ashok Vaswani as the MD and CEO of the Bank.

Vaswani has a three-and-a-half decade of experience with Citi Group, and more recently with Barclays.

Vaswani coming on board will enable the Mumbai-based bank to progress on its digital journey and set eyes on global markets. But there are immediate challenges as well..