Technology is an enabler; you have to be at the cutting edge of technology - there is no choice. Uday Kotak More Quotes by Uday Kotak More Quotes From Uday Kotak Finally all banks are in the same ocean of water. Uday Kotak industrials In a marathon, if you run too fast, you get exhausted. If you run too slow, you never make it. Uday Kotak slowneveryoumarathon 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 neveryoutroubleopportunity 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 mefamilybusinesstogether There's no harm being a copycat. If someone else is doing a good job, copy. It's free. Uday Kotak freesomeonejobgood 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 liongethungrylife 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 natureprocessspecialbelieve 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 viewyoufocusmanagement 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. Uday Kotak presencebankourtwo 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 familybusinessworkhome If what you create does not outlive you, then you have failed. Uday Kotak failedthencreateyou 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 yougrowthfearpeople 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 solutionwillgoodeconomics 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 youmarathongrowthtrouble 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. Uday Kotak viewattentionloverelationship 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 take-advantagemorewillinflation 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 i-ammemoneytime The government should move towards supporting aspirations and not entitlement. Subsidies supporting non-productive growth should be reduced. Uday Kotak entitlementgrowthgovernmentshould Foreign investors are looking for a consistent and stable policy in India. Uday Kotak lookingpolicyconsistentindia 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 alwaysdiversityopinionimportant
