Arun K Saha, erstwhile joint MD & chief executive officer (CEO), took home a hefty remuneration of Rs 6.88 crore for FY19. He was also a whole-time director of the subsidiaries and group companies.
Overall, the total wealth of the tycoons on the 2019 Forbes India Rich List shrank 8 per cent to $452 bn from a year ago
They said in the current environment, they are forced to follow the rules in letter and not in spirit
Aadhaar-based KYC will be the future of banking, says Nilekani
The RBI asked Kotak to lower his holding in the bank to 30 per cent by end-June
The Kotak Mahindra Bank chief also pitched for an 'exit mechanism' for the sector
The banking sector is currently awaiting entry of many differentiated-licence banks such as payments and small finance banks
Kotak said both debt recovery tribunals and debt recovery appellate tribunals are "bottlenecks" that take time
57-year-old Kotak is ranked 33rd in the Forbes list of 'Money Masters: The Most Powerful People In The Financial World'