Quick Info
| Profession | Philanthropist, Banker, Businessman |
|---|---|
| Nationality | Indian |
| Date of Birth | 15/03/1959 |
| Age | 67 years |
| Birthplace | Bombay, Bombay State (now Mumbai, Maharashtra), India |
| Hometown | Mumbai |
| Zodiac Sign | Pisces |
Latest News about Uday Kotak
Speaking at the Business Standard BFSI Insight Summit in Mumbai, Uday Kotak warned that India must prepare for foreign currency non-resident (bank) deposits, or FCNR(B), worth an estimated $160-170 billion including interest maturing over the next three to five years. He described the FCNR(B) scheme as a strong insurance policy against global uncertainty, while calling for structural reforms and a narrower gap between the tax treatment of interest income and capital gains.
At the Bloomberg New Economy Forum 2026 in New Delhi, Uday Kotak urged India to remain open to Chinese investment and manufacturing partnerships amid rising trade tensions. He argued that joint ventures between Indian and Chinese companies could help expand domestic manufacturing under the Make in India initiative.
At the CII Annual Business Summit 2026, Uday Kotak cautioned that India must prepare for a major global economic shock stemming from escalating US-Iran tensions and rising oil risks. He said the global economic system is entering a volatile phase marked by geopolitical fragmentation and uncertainty.
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Bio/Wiki
| Full name | Uday Suresh Kotak |
|---|---|
| Famous for | Being the founder of the Kotak Mahindra Bank |
| Food Habit | Non-Vegetarian |
| Hobby | Playing Sitar |
Physical Stats & More
| Height | 5' 9" (175 cm) |
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| Eye Color | Dark Brown |
| Hair Color | Salt and Pepper |
Educational Qualification(s)
| School | Hindi Vidya Bhavan, Mumbai |
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Relationships & More
| Marital Status | Married |
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| Marriage Date | 1985 |
Family
| Father | Suresh Kotak |
|---|---|
| Mother | Indira Kotak |
| Siblings | Aarti Suresh Kotak |
| Spouse | Pallavi Kotak |
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Career
| Awards, Honours, Achievements |
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| Current Position | Non-executive Director, Kotak Mahindra Bank |
| Previous Position | Managing Director and CEO, Kotak Mahindra Bank (resigned 01/09/2023) |
| Company Founded | Kotak Mahindra Bank (1985 as Kotak Capital Management Finance Ltd) |
Favourites
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Style Quotient
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Some Lesser Known Facts
| 1. Uday Kotak is an Indian banker, social worker, and entrepreneur who founded Kotak Mahindra Bank. | |
| 2. In 2023, he became the world's third-wealthiest banker and the wealthiest banker in India. | |
| 3. Uday Kotak grew up in a large joint family of sixty members in Mumbai. | |
| 4. After sustaining a forehead injury during a cricket match, he took a break from pursuing his MBA studies. | |
| 5. Following a successful surgery, he ventured into his family's trading business in Mumbai. | |
| 6. Later, he founded his financial firm, rejecting a job offer from Hindustan Unilever. | |
| 7. In 1985, Uday Kotak and banker Sidney Pinto launched Kotak Capital Management with an initial investment of US$80,000. | |
| 8. Kotak diversified the company's focus from billing discounts to car loans in 1989. | |
| 9. He acquired a stake in the Bank of Madura in 1992 and partnered with Goldman Sachs for investment banking in 1995. | |
| 10. In 1995, he established Kotak Mahindra Capital Company Limited and acquired Business Times (now Business Standard) in 1997. | |
| 11. Kotak entered the mutual funds sector in 1998 and the life insurance sector in 2001. | |
| 12. Kotak Mahindra Bank received a banking license from the RBI in 2003. | |
| 13. The bank acquired ING Vysya Bank in 2014 and became the largest stakeholder in MCX. | |
| 14. In 2018, he was appointed the non-executive chairman of the IL&FS board. | |
| 15. Uday Kotak served as the MD of Kotak Mahindra Bank since January 2021. | |
| 16. Kotak resigned as Managing Director and CEO of Kotak Mahindra Bank on 1 September 2023. | |
| 17. In 2023, Kotak Mahindra Bank acquired Sonata Finance for US$67 million (Rs. 537 crore). | |
| 18. During a panel discussion in April 2023, Uday Kotak made headlines by calling the US dollar a "financial terrorist." | |
| 19. Kotak cleared up his statement about the US dollar afterward. | |
| 20. Kotak clarified his statement about the US dollar afterward. | |
| 21. He was captain of his school's cricket team and played in Kagna League during college. | |
| 22. He established the Kotak Education Foundation to focus on the educational needs of underprivileged children. |
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