57-year-old Kotak is ranked 33rd in the Forbes list of 'Money Masters: The Most Powerful People In The Financial World' topped by Blackstone Group's CEO Stephen Schwarzman, who has a net worth of $10.2 billion and oversees as
Kotak Mahindra Bank shares gained as much as 2 per cent intraday on Wednesday after the bank reported 32 per cent rise in its standalone net profit figures at Rs 695.78 crore for the fourth quarter ended March 2016
Kotak Mahindra Bank Q4 results: Consolidated total income of the bank grew 28.16 per cent year-on-year to Rs 7,910.41 crore. It had registered a total income of Rs 6172.26 crore in the same quarter last year.
Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said today, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.