Uday Kotak

Uday Kotak
Uday Kotak
At a Glance
  • Age
  • Earnings
    $ 8.3 Billion
  • Source of earnings
  • Marital Status
  • Children
  • Residence

Forbes India Lists

#11 India Rich List 2016

#12 India Rich List Rank 2015
#15 India Rich List Rank 2014
#15 India Rich List Rank 2013

After acquiring rival ING Vysya Bank 22 months ago, his Kotak Mahindra Bank is reaping the benefits of that merger. Net profit in a recent quarter doubled to $159 million. Canada Pension Plan Investment Board recently received Reserve Bank approval to increase its stake in the bank from to 10% from 5%. The Canadian pension fund manager has partnered with the bank for a $525 million fund to acquire stressed assets of Indian banks. Commenting on rising bad loans at state-owned banks, Kotak recently said: "Return of capital is more important than return on capital."

India Rich List 2016

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