Uday Kotak is an Indian businessman. He is the vice-chairman and managing director of Kotak Mahindra Bank. He owns a 50% stake in Kotak Mahindra Bank, which he founded and runs. Forbes estimated his wealth to be $4.1 billion in 2012.
Uday Kotak Net Worth Forbes Total Income/Salary
Born: March 15, 1959 (age 54), Mumbai, India
Uday Kotak Net Worth Forbes Total Income/Salary Monthly Yearly & Earning Per Day Week:
Net Worth: $4,100 Million As of Oct ’13
Source of earnings: Banking
Marital Status: Married
India’s richest banker, who founded and controls Kotak Mahindra Bank, Uday Kotak will face more competition next year when the government issues new banking licenses, allowing a handful of new upstarts. In April, the investment arm of Singapore’s government bought a 2.6% stake in his bank for $210 million. He kicked off his bank’s lecture series by getting former U.S. President Bill Clinton to deliver the inaugural address in Mumbai. Kotak ascribes the rupee’s recent fall to the country’s declining competitiveness.