Uday KotakVerified account

@udaykotak

CEO, Kotak Mahindra Bank

Mumbai, India
kotak.com/en/about-us.ht…
Joined June 2014
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  1. May 17

    Thoughts on the stimulus: supply side focus, MSME/NBFC packages & company law easing are positive. MNREGA boost right for rural & migrants. Incentivising States to reform is thoughtful. Prudent about fiscal deficit - space for more if needed. Crisis the time for structural reform

    98 replies 254 retweets 1,388 likes
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  2. Retweeted
    May 14

    Comfortable mediocrity is a common aspiration in today's youth. Our parents & grandparents lived in tougher times - creating a social contract that admired success. Now we value easy living & social validation, often eyeing the successful with suspicion or envy.

    Michael Jordan, like Steve Jobs, wouldn't be as revered if he came up today A ruthless desire to win / be great is no longer as aspirational as self-acceptance We prefer contentment to relentless ambition, not appreciating that it was someone's ambition that enabled our comfort
    39 replies 46 retweets 205 likes
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  3. May 12

    2010-20 was bad for emerging markets vs 2000-10, where they outperformed. For EMs to shine, structural reform is needed - which often happens in tough times. What will this decade bring? Hindsight is 2020!

    82 replies 196 retweets 1,113 likes
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  4. Retweeted
    May 3

    Green Shoots - higher testing is the reason for more positive coronavirus cases in India (700% increase in testing in 1 month) . Percentage of positives per test has dropped significantly - from 5.8% to 3.4%. For context, this number is 16.5% in America.

    34 replies 102 retweets 386 likes
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  5. Apr 27

    Coronavirus deaths per million - India has outperformed: Italy: 44 UK: 31 Brazil: 20 USA: 17 Germany: 7 China: 3 India: 0.6 Further, our daily numbers are not sharply spiking despite increased testing. Lockdown has worked Now, time for calibrated increase in focus on livelihood

    236 replies 866 retweets 4,158 likes
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  6. Retweeted
    Apr 17

    Trump might be rightly angry about China's disproportionate influence at the WHO. China contributed ~$80 million, 10% as much as America, even less than tiny Norway. In terms of voluntary amount contributed above mandate, China is negligible. Value for money, the Chinese Way!

    23 replies 123 retweets 346 likes
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  7. Apr 12

    Unlike past crises, India has a cushion of foreign exchange reserves to fight coronavirus’ global economic fallout - over 200% of annual external financing needs. Superior to most others.

    80 replies 540 retweets 2,259 likes
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  8. Apr 7

    India is fighting this battle valiantly. Aarogya Setu app is a good initiative to control spread of Coronavirus - based on crowdsourced data to identify hotspots for rapid action.

    Government of India launches Aarogya Setu, an App to strengthen our fight against COVID-19. The App will alert users of risk of infection & promote awareness on . मैं सुरक्षित । हम सुरक्षित । भारत सुरक्षित | Android: IOS:
    42 replies 51 retweets 368 likes
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  9. Retweeted
    Apr 4

    The Kotak Mahindra Bank has donated 25,000 masks for Delhi Police Personnel which are being distributed to our staff on ground.

    Thanking Kotak Mahindra Bank for their concern for Delhi Police Personnel who are in the duty of Nation 24*7 and working on forefront to overcome
    27 replies 125 retweets 791 likes
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  10. Mar 29

    Fully with people of Maharashtra. Yeh hai Mumbai meri Jaan.

    Kotak Mahindra Bank commits immediate support of ₹10cr to Chief Minister of Maharashtra towards COVID relief and rehabilitation efforts.
    214 replies 515 retweets 4,623 likes
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  11. Mar 29

    It is time to protect Lives and Livelihood. Jab Jaan hai to Jahaan hai.

    Kotak Mahindra Bank & Mr. Uday Kotak personally, commit immediate support of ₹50cr to PM CARES (₹25cr each).
    421 replies 3,610 retweets 23,578 likes
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  12. Retweeted
    Mar 28

    Finance Minister Smt also held calls with the representatives of private sector banks and requested them to ensure uninterrupted banking services are provided across the country while maintaining social distancing norms.

    100 replies 186 retweets 1,257 likes
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  13. Mar 28

    Next few weeks will define decades for humanity. Science & medicine beat the virus. Economics & finance contain the fallout. Time to protect both lives and livelihoods. We have beaten plague, smallpox, polio and prospered - I have faith.

    114 replies 978 retweets 4,332 likes
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  14. Mar 19

    Coronavirus humbles our species - a reminder to always respect Mother Nature, even her smallest speck. Time for science to help, not finance alone Humanity has endured worse & grown to heights. But for now, face reality, modulate life & work accordingly

    49 replies 67 retweets 334 likes
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  15. Mar 8

    Amidst turbulence and the virus, some good news - oil at $45/ barrel. Recent $20 drop saves India $30 billion per annum. Also global interest rates have collapsed making money cheap. Let’s leverage these for policy to boost growth.

    752 replies 3,840 retweets 15,668 likes
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  16. Feb 29

    Coronavirus roils global financial markets, sparking chatter of coordinated monetary easing by central banks. Reminds me of Mark Twain’s quote, “To a man with a hammer every problem looks like a nail!”

    110 replies 531 retweets 2,835 likes
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  17. Jan 18

    In 30 years, China has built 66% of the world’s high speed rail network, 70% of its electric cars, self made nuclear reactors, microprocessors, batteries & drones. No longer just a factory - This is the ecosystem of the future. India must awaken.

    912 replies 3,737 retweets 10,926 likes
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  18. 17 Dec 2019

    Congratulations to Kotakite Sagar for his 12 wickets in the prestigious Kanga League at my old Sydenham college ground. Fond memories of my youth playing Kanga cricket in Mumbai.

    45 replies 13 retweets 215 likes
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  19. 5 Dec 2019

    American & Chinese companies lead the global digital ad market. Indian companies not present. Interestingly, neither are any of the large digital news organisations! Changing times?

    69 replies 71 retweets 377 likes
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  20. 24 Nov 2019

    34 years of Kotak Mahindra - aspiring to perpetuity. Grateful to be on stage with some of our senior management team, whose average time with the firm is around 25 years.

    201 replies 137 retweets 2,058 likes
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