CRAFTING A TRAJECTORY MARKED BY A FINE BALANCE OF RISK TAKING AND CAUTIONARY MOVES

Though Uday Kotak stepped down as CEO of Kotak Mahindra Bank in 2023, he is still respected as a Colossus who straddled the coming of age of India's private banking sector and financial landscape.

- UDAY KOTAK

FOR THE FIRST TIME IN THE HISTORY OF INDIAN BANKING, KOTAK MAHINDRA, A NONBANKING INDIAN FINANCE COMPANY, GOT A RESERVE BANK OF INDIA APPROVAL FOR A BANKING LICENSE

Sometimes it takes but a small moment to change your fortunes. Uday Kotak, now erstwhile Founder- Director, Kotak Mahindra Bank, seized that moment, which eventually changed the course of his entrepreneurial journey and the face of Indian banking when the workings of India's financial markets were in a nascent stage in a fast-evolving global context.

That momentous decision laid the ground for a financial institution that pioneered a more inclusive approach to banking services, bringing into its ambit a vast underserved populace.