Uday Kotak Quotes

  • 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.
  • There is socialism in the family that conflicts with meritocracy. And that bothered me.
  • In a marathon, if you run too fast, you get exhausted. If you run too slow, you never make it.
  • If what you create does not outlive you, then you have failed.
  • 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.
  • It's true that I have always been very comfortable with numbers.
  • 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.
  • I am a great believer in Indian entrepreneurship. There is a whole set of people doing so many exciting things.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • What we have to be careful is that if we drop interest rates where the rate of interest is lower than inflation, then savers will not put money in financial savings and move it to gold and real estate, which is bad for India.
  • 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.
  • I would have loved to have been a cricketer.
  • 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.
  • 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.
  • My view is make Indian manufacturing competitive, and if it is competitive, it can serve customers or consumers anywhere.
  • 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?'
  • 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.