Davos 2014: Time for central banks to take a hard look at bitcoins, says Kotak

Last Updated: Sunday, January 26, 2014, 17:26

As Bitcoins and other virtual currencies become more popular, prominent banker Uday Kotak says central banks, including India's RBI, would have to take a hard look at this phenomenon and take a decision on the future of such currencies.

India growth story looks better this year, says Uday Kotak

Last Updated: Saturday, January 25, 2014, 18:19

The Indian story is looking better this year but it is nowhere close to the exuberance seen at the World Economic Forum meet a few years ago, prominent banker Uday Kotak said Saturday.

`Finance professionals are not the masters of the universe`

Last Updated: Wednesday, July 31, 2013, 11:24

Uday Kotak, executive vice chairman & managing director, Kotak Mahindra Bank Ltd, spoke to Uma Keni Prabhu.

Weak rupee indication of falling competitiveness: Uday Kotak

Last Updated: Wednesday, June 19, 2013, 21:52

Terming rupee depreciation as a sign of falling competitiveness of the domestic economy, Vice-Chairman and Managing Director of Kotak Mahindra Bank, Uday Kotak Wednesday said efforts should be made to increase productivity rather than only relying on short-term measures.

New banks to herald next growth phase for existing ones: Kotak

Last Updated: Sunday, June 16, 2013, 12:33

As dozens of banking licence aspirants line up before RBI, eminent banker Uday Kotak has said the entry of new players could herald a new round of growth for the existing players with increased pace of competition for talent as well as customers.

Kotak Mahindra group eyes takeover targets

Last Updated: Monday, January 28, 2013, 11:26

Looking to further expand operations, Kotak Mahindra group is looking for potential acquisition targets in banking, asset management, broking and other areas of financial services sector and hopes to strike a deal this year.

New banks welcome, but systemic controls important: Kotak

Last Updated: Sunday, January 27, 2013, 17:48

Conglomerates being considered for new banking licences in India should be asked to have systemic controls to safeguard against any contagion impact of problems in their other businesses, eminent banker Uday Kotak has said.

Make equity market more attractive to wean away gold demand: Kotak

Last Updated: Thursday, January 24, 2013, 11:18

Kotak, who heads new generation private banking major Kotak Mahindra Bank, also said that the Indian equity market should give a return of 15-20 percent this year from the current levels and this growth should also help investors look away from gold towards equity as an investment option.

RBI asks Kotak Bank to trim promoter's stake to 20% by FY18

Last Updated: Wednesday, June 27, 2012, 18:20

Uday Kotak-led Kotak Mahindra Bank has been asked by the Reserve Bank of India (RBI) to more than halve its promoter's holding to 20 percent by FY18 end, from the present 45.21 percent.

Falling oil price, gold import to help CAD: Kotak

Last Updated: Monday, May 28, 2012, 14:50

The current account deficit (CAD) is likely to improve in the short-term owing to the falling crude prices coupled with a dip in gold imports, Kotak Mahindra Bank Executive Chairman and Managing Director Uday Kotak said.

Time to go easy on monetary, tighten fiscal policy: Kotak

Last Updated: Monday, January 30, 2012, 12:30

Speaking on the sidelines of the just-concluded World Economic Forum summit here, he also asserted that the Indian financial sector was in a much better state than what was perceived, but the country must move forward with reforms.

Time to go easy on monetary, tighten fiscal policy: Kotak

Last Updated: Monday, January 30, 2012, 12:19

Urging India to move ahead with economic reforms to benefit from the changing global dynamics, top banker Uday Kotak has said it is time for the country to go for a tighter fiscal policy and ease its monetary policy stance.