Uday Kotak Quotes

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.
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.
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.
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.
As we were all growing up, there used to be a very big mantra in India which was called 'export or perish.' There was a long period when we used to focus on import substitution.
Culture is about the mindset of people, and we are very happy to have a strong combined mindset of people.
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.
Foreign investors are looking for a consistent and stable policy in India.
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.
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.
I am a believer in the journey and enjoying the journey.
I am a great believer in Indian entrepreneurship. There is a whole set of people doing so many exciting things.
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.
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.
I grew up in a joint family of 60 people with one kitchen. So I am a firm believer in the family concept.
I have got nothing against family companies, but there must be real equity, that is all I say. It cannot be based on influence or political friendships. It has to be based on real equity backing their dreams.
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?'
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.
I would have loved to have been a cricketer.
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.
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AuthorName
Uday Kotak
Profession
Businessman
BirthDate
15 March, 1959
Country
India
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