Uday Kotak Quotes
-
If what you create does not outlive you, then you have failed.
-
Culture is about the mindset of people, and we are very happy to have a strong combined mindset of people.
-
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?'
-
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.
-
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.
-
Our approach to banking is very different from the traditional banks or even some of the new banks. We do not necessarily go out and write single-cheque, large-ticket loans.
-
The government should move towards supporting aspirations and not entitlement. Subsidies supporting non-productive growth should be reduced.
-
I am a great believer in Indian entrepreneurship. There is a whole set of people doing so many exciting things.
-
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.
-
When I wear the hat of management, it is important that our management behaves and conducts as management accountable to the board.
-
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.
-
There's no harm being a copycat. If someone else is doing a good job, copy. It's free.
-
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.
-
The single biggest resource India has is people and skill.
-
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.
-
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.
-
Foreign investors are looking for a consistent and stable policy in India.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
If companies are able to raise equity from the market, then their problems for financing incomplete projects will come to end. Investment cycle in the capital market can kick-start with the money of savers and investors.