Meanwhile, Uday Kotak, Asia’s richest banker, has highlighted a major issue faced by banks today. He stated that banks are experiencing a decline in deposit inflows, which could lead to losses.

Mumbai: Focus on “short-termism” at the leadership level is a worrisome trend in the financial services sector, according to Uday Kotak, founder and non-executive director, Kotak Mahindra Bank.

Top banker and business leader Uday Kotak highlighted this discrepancy in a post on X, directly questioning the sustainability of the banking model amid these inverted margins. Kotak outlined the ...

Mumbai: The US could face “unintended consequences" of taking an aggressive stance against the world, Uday Kotak, founder and non-executive director of Kotak Mahindra Bank, said at the Mint ...

Kotak Mahindra Bank’s founder Uday Kotak said today. “Leading banks are taking 1 year wholesale deposits at ~8 per cent. Translates to loaded marginal deposit cost of 9 per cent+ after CRR (0 ...

The billionaire Uday Kotak-backed division added 2,280 new families to its client base in private banking in the year ending March 2024, more than three times the 711 new families it added a year ...

Unlike many returnees driven by personal ties, Vaswani was drawn back by a professional challenge — succeeding founder Uday Kotak at the helm. India’s rapid growth and digital infrastructure ...

Mumbai: Banks are offering home loans at a floating rate of 8.5 per cent, while borrowing at rates upwards of 9 per cent (after accounting for regulatory costs like the Cash Reserve Ratio (CRR ...