Page 3 - Uday Kotak

Improve governance before divesting

A fixation on the target amount, without improving the corporate governance of public sector enterprises, is misplaced

Kotak Mahindra Bank's consolidated net rises 50% to Rs 3,892 cr in Q4FY22

The lender's net interest income increased 18% YoY to Rs 4,521 crore, aided by a loan growth of 21%

IL&FS recovery likely to be Rs 61,000 crore, 62% of total debt

The resolution process of IL&FS started three and half years ago after a new management was appointed by the government

Have not terminated services of any employee, says BharatPe Board

The Board said it remains committed to an independent and thorough audit process. It said no action has been taken or will be taken till the audit has been completed

Diamonds in the dust: As we enter a new year, let's recall some positives

While some would just be happy that 2021 is coming to an end, T N Ninan lists six things - from sports to stock markets and entrepreneurial talent - that India could look to in the new year

Indian banks behind on digital adoption, it's time to wake up: Uday Kotak

Says banks must be able to feed huge data being churned out by the financial system into analytics and ML. Turnaround time must give an MSME clarity on a loan in minutes, if not seconds

ILFS resolves Rs 52,200 cr debt, to address Rs 4,800 cr more by Mar: Kotak

The company is sitting on a cash balance of Rs 16,700 crore as of end-October, when it completed the third year of its bankruptcy

Govt extends Uday Kotak's term as IL&FS non-exec chairman by 6 months

Kotak, who is also the managing director and chief executive officer of Kotak Mahindra Bank would continue being the non-executive director on the board of IL&FS until April 2, 2022

Time has come for fiscal stimulus to support the economy: Uday Kotak

We are working with the government and vaccine manufacturers to increase the vaccine available for Indian business and industries, said Uday Kotak

Kotak Mahindra Bank's consolidated net profit rises 36% in Q4FY21

The lender's NII grew by 8% in Q4FY21 to Rs 3,843 crore, from Rs 3,560 crore in Q4FY20

Covid-19: Introduce 'work from home' to break the chain, says CII chief

Several companies have already announced WFH even as several key cities like Mumbai, Delhi and Bangalore go through a massive healthcare crisis due to lack of oxygen, doctors and medicines

IL&FS case complexities reveal what India's resolution mechanism is lacking

A stretched rescue process reveals critical deficiencies in India Inc's corporate layering and resolution mechanism worsened by the pandemic

IL&FS board revises debt recovery target upwards to Rs 61,000 crore

The board has already addressed debt of Rs 43,100 cr so far and is looking to address about Rs 8,000 cr in the next six months

Create banks focused on bad loans crisis, says CII in budget suggestion

Market-determined price discovery mechanism for resolving stressed assets is important in the pandemic, says association

India Inc seeks growth-oriented budget, higher health spend from FM

Says fiscal consolidation be pushed for later years or formulated from three-year perspective

RBI gives Uday Kotak another three years as MD of Kotak Mahindra Bank

The regulator has also cleared re-appointments of Prakash Apte as part-time chairman, and Dipak Gupta as joint managing director

Firms finding it hard to balance ESG with profits, says Eugene Fama

Fama, known for his empirical work on portfolio theory, asset pricing, and the efficient-market hypothesis, was speaking to Uday Kotak, managing director and CEO of Kotak Mahindra Bank

Kotak Mahindra Bank explores acquisition of IndusInd Bank

Kotak says no comments to offer; IndusInd CEO says promoters have denied the deal

Industry expects fast recovery, says CII president Uday Kotak

Industry now sees sectors witnessing better pick-up and capacity utilisation than what was projected in March.

Govt extends term of Uday Kotak as non-exec IL&FS chairman by another year

The government through a gazatte notification extended term of Kotak, who is managing director and chief executive officer of Kotak Mahindra Bank, till October 2, 2021