Uday Kotak Quotes

Uday Kotak

Profession : Businessman

Birth : March 15, 1959

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

I am big believer that increase the size of the cake is as at least as important as distribution of the cake. To increase the size of the cake, you need to focus on progress.

Uday Kotak

My view is that, as management, the focus has to be on having a strategy and executing it. As you do the strategy and execution, it is important to communicate it consistently.

Uday Kotak

If you look at the history of large financial institutions, most of them have succeeded because of a deep presence in their home market.

Uday Kotak

I am a great believer in Indian entrepreneurship. There is a whole set of people doing so many exciting things.

Uday Kotak

When I wear the hat of management, it is important that our management behaves and conducts as management accountable to the board.

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

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

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

It is possible that the digital world may change the need for physical branches. We will continue to add branches incrementally, but we will reach a point - whether it is 1,500, 1,800 or 2,000 branches - where we will say enough is enough.

Uday Kotak

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