Hints and tips:
...After leading Kotak Mahindra Bank for 38 years, he stepped down as chief executive last month to comply with a 15-year regulatory term limit....
...“Nobody knew who Kotak was in those days,” said Mahindra. They rechristened the business Kotak Mahindra Finance. Kotak used international partnerships to expand his nascent institution....
...“Hopefully rating agencies will respect investors’ viewpoint,” said Nilesh Shah, managing director at mutual fund Kotak Mahindra AMC....
...“The nature of opportunities now is going to be more M&A, growth-oriented financing,” said Srini Sriniwasan, managing director of Kotak Investment Advisors, an arm of Kotak Mahindra Bank that manages $8.8bn...
...Kotak Mahindra Bank’s billionaire founder and chief Uday Kotak has resigned four months before his term was due to end....
...The results from HDFC Bank kick off earnings for the country’s lenders, with ICICI Bank and Kotak Mahindra Bank to follow....
...Analysts say increasing exports is crucial for global carmakers that have been overshadowed by local rivals such as Maruti Suzuki, Tata Motors and the Mahindra Group....
...It has raised Rs1.8bn ($22mn) from a series of investors including the government-run State Bank of India and private lenders such as Kotak Mahindra Bank....
...“China on one side and Pakistan on the other, both nuclear enabled,” Uday Kotak, managing director of Kotak Mahindra Bank and one of India’s richest men, said in a tweet....
...Lenders including Kotak Mahindra, SBI and ICICI also sourced billions from investors after the central bank ordered them to shore up their capital bases....
...Mahindra Bank....
...After eight years in consulting, Nayar joined financial services group Kotak Mahindra in 1993, setting up its overseas subsidiaries in London and then New York as she followed her husband’s postings....
...India’s Mahindra Group told investors this week that international business travellers might be few and far between but locals were combining work with holidays: “bleisure, business-cum-leisure, or what...
...Uday Kotak, president of the Confederation of Indian Industry and chief executive of private lender Kotak Mahindra Bank, said the government should turn to the “nationwide maximal response measure at the...
...“This is like being in the middle of a storm,” said Uday Kotak, chief executive of Kotak Mahindra Bank, one of India’s largest private banks, which like most banks took advantage of the support....
...A version of this article was first published by Nikkei Asia on November 16. ©2021 Nikkei Inc. All rights reserved....
...But private banks such as HDFC and Kotak Mahindra have proliferated since India began liberalising its economy in the 1990s, especially catering to urban middle classes....
...These have ranged from candidates with direct ties to agriculture, such as tractor makers Mahindra & Mahindra and Escorts, which have reported strong sales....
...Analysts at Kotak Institutional Equities say the high valuations of most consumer stocks “leave little scope for any disappointment”....
...Several of India’s largest and best-performing banks, including Kotak Mahindra, ICICI and State Bank of India, have been raising more equity in the months since the coronavirus pandemic broke out....
...Winning back trust could be a slow process, said Nilesh Shah, managing director of Kotak Mahindra Bank’s asset-management business. “Without regaining that, our growth cannot sustain,” he said....
...Shekhar Bhandari, head of precious metals at Kotak Mahindra Bank, says he expects demand to creep back up once the worst of the pandemic is over. “Have weddings been postponed?...
...Analysts at brokerage Kotak Institutional Equities, however, expect less than 30 per cent of India’s automobiles to be electric by 2030....
...The RBI is betting the involvement of a number of India’s best-known banks — including HDFC and Kotak Mahindra, which will be required to hold their new shares for three years before they can sell — will...
...Investors sold out of India Inc as part of a broader rout in emerging markets including South Korea and Taiwan....
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