Uday Kotak Quotes

Uday Kotak

Profession : Businessman

Birth : March 15, 1959

I grew up in a joint family of 60 people with one kitchen. So I am a firm believer in the family concept.

Uday Kotak

There's no harm being a copycat. If someone else is doing a good job, copy. It's free.

Uday Kotak

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

Uday Kotak

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

Growth should take care of the fear of job losses. People will be challenged to do different things. For people who are not up to it, purely based on objective assessment, that's a different issue, which, you do it anyway.

Uday Kotak

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

It's true that I have always been very comfortable with numbers.

Uday Kotak

A lot of family members worked in the joint commodities family business. It was a classic case of capitalism at work and socialism at home.

Uday Kotak

I would have loved to have been a cricketer.

Uday Kotak

I was not very keen on joining the family business... there were 14 family members working together, and it worried me that I would not have enough individuality.

Uday Kotak

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

Uday Kotak

When a lion doesn't get its prey, it remains hungry. When the prey saves himself, he has not won, but has saved his life.

Uday Kotak

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

My view is make Indian manufacturing competitive, and if it is competitive, it can serve customers or consumers anywhere.

Uday Kotak

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

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

I keep wondering at night, 'Will I have a bank the next morning, or will some technology company be doing banking without needing a bank?'

Uday Kotak

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.

Uday Kotak

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

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