Indian - Businessman | March 15, 1959 -
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
GoodEconomicsSolutionIndiaWill
As long as there is cash, and the economy is running, all is well. But as a bank, we'll have to test, experiment, try a hundred different things. A few may work, a few may fail, but we have to experiment and try.
WorkLongTestTryBankEconomy
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.
BestFinancialIndiaHardAbility
Technology is an enabler; you have to be at the cutting edge of technology - there is no choice.
TechnologyYouChoiceEdgeCutting
As we were all growing up, there used to be a very big mantra in India which was called 'export or perish.' There was a long period when we used to focus on import substitution.
FocusGrowing UpLongIndiaGrowing
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.
WillTake AdvantageMoreTakeGet
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.
WorldYouLookNowWhyEconomy
The single biggest resource India has is people and skill.
PeopleIndiaSkillSingleResource
Culture is about the mindset of people, and we are very happy to have a strong combined mindset of people.
CultureHappyPeopleStrongMindset
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.
FamilyDreamsInfluencePolitical
If India grows steadily and does the structural things right and carefully unties knots, builds an institutional process which sort of cleans up the corruption and the baggage in the system, I see it as a wonderful marathon.
ProcessCorruptionIndiaMarathonUp
Kotak Mahindra Bank has very significant presence in the West and the North, and our total branch network between these two regions is 80 per cent, and in case of ING Vysya Bank, their network in South is 64 per cent of their total branch network.
BankTwoPresenceWestSignificant
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