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 buildconsumptiondeficit share on social
There is socialism in the family that conflicts with meritocracy. And that bothered me. Uday Kotak botherconflictfamily Change image and share on social
If you look at 2009, why did the recovery happen? Recovery happened because somebody in the world's largest economy opened the tap: the U.S., followed by Europe and now Japan. Uday Kotak economyeuropehappen Change image and share on social
Foreign investors are looking for a consistent and stable policy in India. Uday Kotak consistentforeignindia Change image and share on social
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 badcarefuldrop share on social
For me, the real thing is make, serve and list in India. Which means we need manufacturing, we need services, and we need financial markets. Uday Kotak financialindialist Change image and share on social
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 agebankboard Change image and share on social
Younger customers are the future, but older customers have the money. So you need both: one for the present, and the other for the future. Uday Kotak customerfuturemoney Change image and share on social
Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk. Uday Kotak adjustapproachbank share on social
There's no harm being a copycat. If someone else is doing a good job, copy. It's free. Uday Kotak copycopycatfree Change image and share on social
