Uday Kotak Quotes:- Uday Kotak (born 15 March 1959) is an Indian billionaire banker and the executive vice chairman and managing director of Kotak Mahindra Bank. In the early 1980s, while India was still a closed economy and economic growth was muted, Kotak decided to start out on his own, refusing a lucrative job option from a multinational.
Over the next few years, he diversified his business into various areas of financial services, establishing a prominent presence in bill discounting, stockbroking, investment banking, car finance, life insurance, and mutual funds. On 22 March 2003, Kotak Mahindra Finance Ltd. became the first company in India’s corporate history to receive a banking license from the Reserve Bank of India.
Inspirational Uday Kotak Quotes and Sayings
“Technology is an enabler; you have to be at the cutting edge of technology – there is no choice.”
Uday Kotak
“In a marathon, if you run too fast, you get exhausted. If you run too slow, you never make it.”
Uday Kotak
“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.”
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
“There’s no harm being a copycat. If someone else is doing a good job, copy. It’s free.”
Uday Kotak
“My view is make Indian manufacturing competitive, and if it is competitive, it can serve customers or consumers anywhere.”
Uday Kotak
“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
“It’s true that I have always been very comfortable with numbers.”
Uday Kotak
“If what you create does not outlive you, then you have failed.”
Uday Kotak
“The single biggest resource India has is people and skill.”
Uday Kotak
“The government should move towards supporting aspirations and not entitlement. Subsidies supporting non-productive growth should be reduced.”
Uday Kotak
Quotes by billionaire banker 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
“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.”
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
“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
“There is socialism in the family that conflicts with meritocracy. And that bothered me.”
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
“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.”
Uday Kotak
“I would have loved to have been a cricketer.”
Uday Kotak
“I am a believer in the journey and enjoying the journey.”
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
Top motivational & inspirational quotes of Uday Kotak
“Foreign investors are looking for a consistent and stable policy in India.”
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
“When I wear the hat of management, it is important that our management behaves and conducts as management accountable to the board.”
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
“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
“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
“Culture is about the mindset of people, and we are very happy to have a strong combined mindset of people.”
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
Best Uday Kotak Quotes
“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.”
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
“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.”
Uday Kotak
“My view is the core engine supporting India’s growth aspiration will be the financial sector, which will have to get more efficient.”
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
“I am a great believer in Indian entrepreneurship. There is a whole set of people doing so many exciting things.”
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
