Uday Kotak

India's richest banker, who founded and controls Kotak Mahindra Bank, Uday Kotak will face more competition next year when the government issues new banking licenses, allowing a handful of new upstarts. In April, the investment arm of Singapore's government bought a 2.6% stake in his bank for $210 million. He kicked off his bank's lecture series by getting former U.S. President Bill Clinton to deliver the inaugural address in Mumbai. Kotak ascribes the rupee's recent fall to the country's declining competitiveness.