27 Uday Kotak Quotes for You to Enjoy

Uday Kotak

Indian Businessman

Born: Mar 15, 1959

Banking Family Financial People Will You

The trouble with opportunity is, it never announces when it comes. It's only after it's gone, you'd realize that you missed it. Uday Kotak

You Opportunity Trouble Gone Only Never Missed After Realize

My view is that the bitcoin is in its very early days, and it is an artificial currency. But whether it is creating new money, whether it is sustainable, whether it would survive - I have many questions about it. Uday Kotak

Money Bitcoin Would About New Days Questions Very Survive Artificial Currency Sustainable Whether Creating View Many Early Early Days

Historically, in India, the strange fact was that the equity owner was not taking as much hit as the lender. Therefore, if we restore the first principle of economics, that first the equity owner needs to take the hit and then the lender, we will get a good solution. Uday Kotak

The ability to scale up is hard. So the best model for us is concentrated India, diversified financial services, and through this, we can get significant scale on an Indian platform. Uday Kotak

Best Financial Scale Financial Services Significant India Indian Ability Diversified Through Concentrated Up Model Get Us Hard Platform Services

We encounter very healthy boardroom debates and pretty diverse views, so we have always had the benefit of diversity of opinion and expression before we take some important calls. Uday Kotak

Diversity Important Healthy Before Benefit Some Pretty Diverse Take Had Calls Opinion Always Encounter Debates Very Views Expression

What we have to be careful is that if we drop interest rates where the rate of interest is lower than inflation, then savers will not put money in financial savings and move it to gold and real estate, which is bad for India. Uday Kotak

Money Financial Real Estate Inflation Will Drop Savings Bad India Be Careful Rate Rates Put Real Than Move Gold Where Estate Which Interest Interest Rates Then Lower Careful

We are going to position ourselves as a world-class financial institution. We want to do things that are comparable to the best in the world. At the same time, we want to have very strong human qualities. Uday Kotak

Time Best World Financial Strong World-Class Ourselves Institution Qualities Very Same Going Human Same Time Want Human Qualities Comparable Things Position

Our view is that younger customers love our digital offering, our mobile banking applications and so on. Older customers expect relationship managers and want much more personal attention in terms of their needs. Uday Kotak

I do believe that banks are special - they are very leveraged institutions by nature; therefore, it's even more critical to ensure that the governance and the process of running a banking company are well-organised, managed and regulated. Uday Kotak

Nature Believe Ensure Critical Running More Institutions Governance Very Banking Banks Process Special Therefore Company Even

My view is that at a certain age - and we can debate whether that age is 70-72 or 75 - members need to step off boards. As per the banking guidelines, that age for the director on a board today is 70. Uday Kotak

Today Director Age Debate Guidelines Members Per Step Off Banking Whether Board Boards Certain Certain Age View Need

In equities, you price the risk. As far as debt is concerned, if the markets get more sophisticated where, for the levels of risks that you take, you get the debt returns, we will certainly look at it. It's back to a philosophy of risk-adjusted returns. Uday Kotak

There is socialism in the family that conflicts with meritocracy. And that bothered me. Uday Kotak

Family Me Socialism Bothered Conflicts

Technology is an enabler; you have to be at the cutting edge of technology - there is no choice. Uday Kotak

You Technology Edge No Choice Cutting Cutting Edge Choice

The government should move towards supporting aspirations and not entitlement. Subsidies supporting non-productive growth should be reduced. Uday Kotak

Government Entitlement Towards Supporting Reduced Subsidies Move Should Aspirations Growth

If you ask me, over time, I am a believer in the Indian financial saving story getting stronger; a lot more savers are moving money away from gold and real estate into banks, mutual funds, insurance and equities. Uday Kotak

Time Me You Mutual Funds Money I Am Financial Real Estate Stronger Saving Indian Mutual More Over Insurance Am Real Lot Getting Gold Banks Estate Story Moving Ask Believer Away Funds

A lot of our fiscal deficit went to fund consumption and really did not get used to build investment and infrastructure. The trouble is, you can get a spurt in GDP growth, which may not be sustainable. I would much rather build the gradient of a long-term marathon. Uday Kotak

You Trouble Build Our Deficit Would Rather Investment Consumption Long-Term GDP Fiscal Lot Get Did May Sustainable Which Infrastructure Much Really Used Fund Marathon Growth

I have got nothing against family companies, but there must be real equity, that is all I say. It cannot be based on influence or political friendships. It has to be based on real equity backing their dreams. Uday Kotak

Dreams Family Political Nothing Say Backing Must Be Real Got Real Equity Friendships Influence Cannot Against Companies Based

If what you create does not outlive you, then you have failed. Uday Kotak

You Outlive Failed Does Then Create

Culture is about the mindset of people, and we are very happy to have a strong combined mindset of people. Uday Kotak

Happy Culture People Strong Mindset About Combined Very

A weaker currency is a national tariff. After we get a weaker currency, we have to take advantage of that. Or else, we will waste it once more in inflation and in the inability to raise competitiveness. Uday Kotak

Inflation Will Take Advantage National Else Once Once More Weaker More Take Advantage Tariff Get Currency After Inability Waste Raise Competitiveness