Uday Kotak

In an interview to CNBC-TV18, Uday Kotak, Executive Vice-Chairman and Managing Director of Kotak Mahindra Bank, said the merger from practical point of view is effective April 1 and the forecast for merged entity will be given along with Kotak Mahindra earnings on May 5.

Calling Budget positive Adrian Mowat of JPMorgan said the government has clearly put emphasis on kick-starting the economy, public spending and infrastructure. On fiscal deficit figure, which has been revised to 3.9 percent from 3.6 percent, Mowat said he is not worried about it.

Continuing his optimism in Modi-led BJP government, HDFC chairman Deepak Parekh said he is looking forward to better execution of policies now than what has happened in the last few months.

Speaking at the Global Investor Conference, Kotak said he believes that the government would certainly be focused on the quantity of the fiscal deficit and would like to project it at 3.6 percent of GDP by FY16.

The Reserve Bank of India has introduced liquidity coverage ratio (LCR) which requires banks to hold significantly higher levels of liquidity compared to earlier times.

The Reserve Bank of India may have decided on a status quo policy yesterday but veteran banker Uday Kotak, executive chairman and managing director of Kotak Mahindra Bank, has welcomed the move.

Indian Business Icons (IBI) 2015 is a special initiative by CNBC-TV18 for celebrating 15 years of leadership. The endeavour is to form a distinct league of the most powerful business icons.These names are now thrown open to public voting. The icon in focus is Uday Kotak.

Uday Kotak believes the US economy will do well in 2015. He expects US Federal Reserve to move on interest rate cycle in H2 CY15

Uday Kotak to get his banking empire off the ground soon

With the issue of good governance at the helm of corporate India affairs the Gatekeepers of Governance – a corporate governance summit brought together all the stakeholders to discuss and deliberate pertinent matters regarding good corporate governance practises.

Sonal Varma, economist at Nomura India, thinks everyone is overplaying the role of commodity price fall on CPI considering it is largely a non-tradable basket because it has food and services in it. Hence the impact is rather low.

Anand Mahindra feels with the economy on the rebound, the RBI should consider cutting interest rates to boost growth.

Uday Kotak, executive vice chairman and managing director, Kotak Mahindra Bank expects the rate cut to come in February 2015 but adds that there‘s a 30 percent likelihood of governor Rajan paring rates in December itself.

Lauding the policies announced by team Modi, Uday Kotak said, "The government has done a brilliant job on foreign policy and is using foreign policy as an effective tool for economic policy as well. I am quite optimistic about economic policy also, but it is a more steady development and not a quick fix."

Uday Kotak sees the stock of stressed loans rising from Rs 7 lakh crore to Rs 10 lakh crore. Kotak says capitalising state owned banks is going to be the government's biggest challenge.

With reforms like regular diesel price hike, fiscal deficit was not much of a worry, says Uday Kotak, Vice Chairman and MD, Kotak Mahindra Bank.

Uday Kotak, MD, Kotak Mahindra Bank in the next few months he expects the long-term rat on government securities to be between 8-9 percent and short-term rates between 8-8.5 percent.

Speaking to reporters, Uday Kotak, Executive Vice-Chairman & MD Kotak Mahindra Bank spoke on the expectation from the Federal Policy this week, QE tapering and how will that affect the markets.

CNBC-TV18 honours and celebrates the executive who both run top performing finance operations as well as take a lead role in mapping the future of their companies. Making this evening even more special is our chief guest one of the most dynamic young faces in the government today, the honourable corporate affairs minister Sachin Pilot.

Indian market has set its eyes on the move that the finance minister will make in the upcoming Budget. The expectation from the FM has increased after the successful global road show.