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Best time to invest in India is now, banker Uday Kotak says as he lists 5 ‘right sectors’

Banking sector ripe for significant structural change, market share of India's private sector banks will rise to about 50% over next decade, says Asia's richest banker Uday Kotak.
HDFC chairman Deepak Parekh | Photo: Flickr

Don’t extend loan moratorium, allow one-time restructuring — HDFC chief Deepak Parekh to RBI

CII chairman Uday Kotak also pitches for one-time loan restructuring — as was done in the aftermath of the global financial crisis of 2008.
video

Off The Cuff with Uday Kotak

Uday Kotak, MD and CEO of Kotak Mahindra Bank and President, Confederation of Indian Industry was the guest at ThePrint's Off the Cuff. In a conversation with ThePrint's Editor-in-chief Shekhar Gupta, Kotak said India needs to spur private investment after years of disproportionately relying on government expenditure for economic growth. Kotak firmly opposed waiving off interest on loans under moratorium pointing out that this will mean that even depositors are not paid interest for their deposits. Kotak said he interprets Prime Minister Narendra Modi's call of an AtmaNirbhar or self-reliant Bharat to mean a competitive India engaged with the world and not necessarily protectionism. He also made a case for India to target a sustainable medium-term growth.
Uday Kotak

Govt’s immediate priority has to be to address loss of lives and livelihoods: Uday Kotak

Speaking to ThePrint’s Editor-in-Chief Shekhar Gupta at Off The Cuff, Kotak Mahindra Bank MD & CEO Uday Kotak said govt could explore direct cash transfers route if needed.
Uday Kotak

Uday Kotak will be hardest hit by RBI’s proposed cap on CEO tenures

The RBI proposed a 10-year limit on bank founders remaining as CEOs or full-time directors. Uday Kotak has headed Kotak Mahindra Bank Ltd. since he founded it 17 years ago in 2003.

Indian banks need capital, stronger balance sheets to take on Covid crisis, Uday Kotak says

Legacy of bad loans, NBFC implosion & historic bailout have left banks weakened coming into lockdown, which has stalled economy & led to surge in unemployment.
Uday Kotak

Uday Kotak to sell 2.8% stake in Kotak Mahindra Bank for at least Rs 6,800 crore

Currently, Kotak and his family holds 28.8 per cent stake in the bank as against the RBI mandate of 26 per cent.
Uday Kotak and Cyrus Mistry

Kotak and Tata in 2 big legal battles coming up in courts this week

SC will decide on corporate feud in Tata Group and Bombay HC will resume hearing Kotak Mahindra Bank’s shareholding case against RBI.
USE this one when in doubt. Also use this one when not in doubt. Just use this.

Govt is missing the point when it comes to Kashmir’s security situation

ThePrint view on the most important issues, instantly.

Congress’ Milind Deora gets Mukesh Ambani & Uday Kotak to endorse him for Mumbai South seat

Mumbai Congress chief Milind Deora releases video in which Mukesh Ambani and Uday Kotak vouch for him. Do these industrialists have vested interests, asks Shiv Sena.

On Camera

Empty Sheikh Zayed Road during lockdown in Dubai | Bloomberg

What ails Arab economies is older than Covid-19

Dependence on oil and natural-gas exports and an over-reliance on Europe and US as trade partners have made it difficult for the region's integration into the world economy.
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Bengaluru-based startup FreshToHome raises $121 million from investors, including US govt

FreshToHome is one of the largest players in the $94 billion Indian fish and meat market, processing some 1.5 million orders a month and about $85 million in annual sales.

Defence

A file photo of Defence Minister Rajnath Singh, External Affairs Minister S. Jaishankar, US Secretary of State Michael Pompeo and US Secretary of Defense Mark Esper at the 2+2 dialogue in Washington in December 2019. | Photo: ANI

The 3 foundational agreements with US and what they mean for India’s military growth

Basic Exchange and Cooperation Agreement, the last of the key foundational agreements between India & US, was signed Tuesday. LEMOA was signed in 2016 and COMCASA in 2018.
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.