




Liquidity will not be tightened across Europe and US in 2013, Uday Kotak, executive vice-chairman and managing directorof Kotak Mahindra Bank.
Uday Kotak, executive vice-chairman and managing director of Kotak Mahindra Bank is hoping for a rate cut between December and January. "Our view is that between now and March we can see 50 bps point repo rate cut in totality," he told reporters.
The all important GDP numbers for the first quarter or the April-June quarter will be announced tomorrow.
Germany's stance on European issues in June is going to be critical to the world economy. the bets are more in favor of a solution which is to kick the can, open up the flood gates of Eurobonds, print money and Germany playing a significant role in solving the problem.
First, he speeded up the process of revamping the takeover norms. Now, SEBI Chief UK Sinha wants to climb his next mountain-change the rules of the primary markets game, reports CNBC-TV18's Neha Arora.
Uday Kotak, VC and MD of Kotak Mahindra Bank feels achieving the fiscal deficit target of 4.6% is going to be a challenge.
Kotak Mahindra Bank on Thursday reported a 17.2% surge in the net profit in its fourth quarter, which accounted to Rs 491 crore as compared to Rs 419 crore in same quarter the previous year.
Most bankers feel that if inflation pressure continues to be the same way, then the RBI will be forced to hike the interest rates by 25 basis points in the next policy. In an interview on CNBC-TV18, Uday Kotak, vice-chairman and managing director of Kotak Mahindra Bank, said the RBI will keep hiking interest rates.
Indian economy has demonstrated great resilience, says Uday Kotak, executive vice chairman and MD, Kotak Mahindra Bank. “I still believe India will grow at 7.5-8%. The fundamental India story and growth and domestic consumption story is fine. I am cautiously optimistic about the economy and the markets.”
On the sideline of the WEF’s Annual Meeting at Davos, Uday Kotak, VC & MD of Kotak Mahindra Bank and Ajit Gulabchand, Chairman of HCC, in an interview with CNBC-TV18’s Menaka Doshi gave their views on how they see the India story panning out.