Uday Kotak : Best Quotes, Captions

The trouble with opportunity is, it never announces when it comes. It’s only after it’s gone, you’d realize that you missed it.
I am a believer in the journey and enjoying the journey.
In a marathon, if you run too fast, you get exhausted. If you run too slow, you never make it.
When I wear the hat of management, it is important that our management behaves and conducts as management accountable to the board.
If you look at the history of large financial institutions, most of them have succeeded because of a deep presence in their home market.
Younger customers are the future, but older customers have the money. So you need both: one for the present, and the other for the future.
I am big believer that increase the size of the cake is as at least as important as distribution of the cake. To increase the size of the cake, you need to focus on progress.
There is socialism in the family that conflicts with meritocracy. And that bothered me.

What we have to be careful is that if we drop interest rates where the rate of interest is lower than inflation, then savers will not put money in financial savings and move it to gold and real estate, which is bad for India.
Historically, in India, the strange fact was that the equity owner was not taking as much hit as the lender. Therefore, if we restore the first principle of economics, that first the equity owner needs to take the hit and then the lender, we will get a good solution.
A lot of family members worked in the joint commodities family business. It was a classic case of capitalism at work and socialism at home.
For me, the real thing is make, serve and list in India. Which means we need manufacturing, we need services, and we need financial markets.
There is socialism in the family that conflicts with meritocracy. And that bothered me.
Younger customers are the future, but older customers have the money. So you need both: one for the present, and the other for the future.

If you ask me, over time, I am a believer in the Indian financial saving story getting stronger; a lot more savers are moving money away from gold and real estate into banks, mutual funds, insurance and equities.
My view is that the bitcoin is in its very early days, and it is an artificial currency. But whether it is creating new money, whether it is sustainable, whether it would survive – I have many questions about it.
If India grows steadily and does the structural things right and carefully unties knots, builds an institutional process which sort of cleans up the corruption and the baggage in the system, I see it as a wonderful marathon.
I am a great believer in Indian entrepreneurship. There is a whole set of people doing so many exciting things.
My view is that the bitcoin is in its very early days, and it is an artificial currency. But whether it is creating new money, whether it is sustainable, whether it would survive – I have many questions about it.

The ability to scale up is hard. So the best model for us is concentrated India, diversified financial services, and through this, we can get significant scale on an Indian platform.
What we have to be careful is that if we drop interest rates where the rate of interest is lower than inflation, then savers will not put money in financial savings and move it to gold and real estate, which is bad for India.
We can use this capital as a springboard for making ourselves into global institutions.
I keep wondering at night, ‘Will I have a bank the next morning, or will some technology company be doing banking without needing a bank?’
When I wear the hat of management, it is important that our management behaves and conducts as management accountable to the board.