Zitat des Tages von Uday Kotak:
I was not very keen on joining the family business... there were 14 family members working together, and it worried me that I would not have enough individuality.
We are extremely focused on building some of the assets which are going into mid-India, semi-urban and rural, and that's our DNA. We are building a retail bank, and a lot of the deposit base is still in urban India.
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.
It's true that I have always been very comfortable with numbers.
Culture is about the mindset of people, and we are very happy to have a strong combined mindset of people.
I have got nothing against family companies, but there must be real equity, that is all I say. It cannot be based on influence or political friendships. It has to be based on real equity backing their dreams.
There's no harm being a copycat. If someone else is doing a good job, copy. It's free.
Foreign investors are looking for a consistent and stable policy in India.
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.
If what you create does not outlive you, then you have failed.
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.
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.
In equities, you price the risk. As far as debt is concerned, if the markets get more sophisticated where, for the levels of risks that you take, you get the debt returns, we will certainly look at it. It's back to a philosophy of risk-adjusted returns.
A lot of our fiscal deficit went to fund consumption and really did not get used to build investment and infrastructure. The trouble is, you can get a spurt in GDP growth, which may not be sustainable. I would much rather build the gradient of a long-term marathon.
I am a great believer in Indian entrepreneurship. There is a whole set of people doing so many exciting things.
I would have loved to have been a cricketer.
If you look at 2009, why did the recovery happen? Recovery happened because somebody in the world's largest economy opened the tap: the U.S., followed by Europe and now Japan.
Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk.
The single biggest resource India has is people and skill.
My view is the core engine supporting India's growth aspiration will be the financial sector, which will have to get more efficient.
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.
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.
I am a believer in the journey and enjoying the journey.
Our approach to banking is very different from the traditional banks or even some of the new banks. We do not necessarily go out and write single-cheque, large-ticket loans.
