Latest news with #UdayKotak
Bloomberg
2 days ago
- Business
- Bloomberg
Kotak Mahindra Bank Shares Drop 7% on Asset Quality Concerns
Kotak Mahindra Bank Ltd. shares fell the most in more than three months on Monday after the private sector lender reported disappointing results and its rising credit costs spooked investors. The Mumbai-based bank, backed by billionaire Uday Kotak, reported a nearly halving of its net income for the quarter ended June 30, citing stress, especially in loan portfolios, along with a compression in margins. The 7% decline in the stock made it the worst performer on the Nifty 50 Index, which shed as much as 0.4%.
Bloomberg
6 days ago
- Business
- Bloomberg
Kotak Bank Targets India's Fast-Growing Affluent Customer Pool
Kotak Mahindra Bank Ltd. is extending wealth management and bespoke services to its affluent customers as competition for servicing India's rapidly-growing tribe of rich individuals heats up. The Mumbai-based private lender backed by billionaire Uday Kotak Wednesday launched 'Kotak Solitaire,' an offering targeted at salaried customers with 7.5 million rupees ($86,786) in relationship value and self-employed clients with 10 million rupees.
Economic Times
17-07-2025
- Business
- Economic Times
Need for a deeper cash equities market, longer tenure F&O contracts: Sebi official
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Narayan pointed out that India's equity derivatives market is heavily skewed towards ultra-short-term trades, particularly expiry-day index options. He warned that such activity, unlike longer-duration contracts, may hinder meaningful capital formation."Research has suggested that expiry day option trading increases market volatility and could lead to noise trading that may potentially undermine confidence in price formation," Narayan said."I would strongly endorse the view that towards this end, we must look for further ways to further deepen our cash equities markets, even as we look to improve the quality of our derivatives market by extending the tenure and maturity of the products and solutions on offer," the WTM Read: India has staggering 80% market share in global index, stock options: Uday Kotak In its latest study, Sebi highlighted that 91% of individual traders incurred net losses trading in F&O in FY25, with their aggregate losses crossing Rs 1 lakh crore. This was despite multiple measures taken by the market watchdog to curb speculative trading in the derivatives market."This is a large sum of money that could have otherwise gone towards responsible investing and capital formation," Narayan said in his Sebi official also highlighted the uniqueness of the Indian derivative market ecosystem, where on the expiry days, comparable turnover in index options is often 350 times or more the turnover in the underlying cash called this imbalance "obviously unhealthy" with several potential adverse consequences. Ananth Narayan acknowledged that the regulatory changes introduced in October 2024 and May 2025 have resulted in the moderation of the Read: Shankar Sharma slams high options trading costs in India, calls it 'frightfully expensive He emphasised that it was beyond doubt that derivatives and speculative trades are vital for price discovery, hedging, and ensuring market depth.
Time of India
17-07-2025
- Business
- Time of India
Need for a deeper cash equities market, longer tenure F&O contracts: Sebi official
Narayan pointed out that India's equity derivatives market is heavily skewed towards ultra-short-term trades, particularly expiry-day index options. He warned that such activity, unlike longer-duration contracts, may hinder meaningful capital formation. "Research has suggested that expiry day option trading increases market volatility and could lead to noise trading that may potentially undermine confidence in price formation," Narayan said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Remember Him? Sit Down Before You See What He Looks Like Now 33 Bridges Undo "I would strongly endorse the view that towards this end, we must look for further ways to further deepen our cash equities markets, even as we look to improve the quality of our derivatives market by extending the tenure and maturity of the products and solutions on offer," the WTM said. Also Read: India has staggering 80% market share in global index, stock options: Uday Kotak In its latest study, Sebi highlighted that 91% of individual traders incurred net losses trading in F&O in FY25, with their aggregate losses crossing Rs 1 lakh crore. This was despite multiple measures taken by the market watchdog to curb speculative trading in the derivatives market. Live Events "This is a large sum of money that could have otherwise gone towards responsible investing and capital formation," Narayan said in his speech. The Sebi official also highlighted the uniqueness of the Indian derivative market ecosystem, where on the expiry days, comparable turnover in index options is often 350 times or more the turnover in the underlying cash market. He called this imbalance "obviously unhealthy" with several potential adverse consequences. Ananth Narayan acknowledged that the regulatory changes introduced in October 2024 and May 2025 have resulted in the moderation of the trends. Also Read: Shankar Sharma slams high options trading costs in India, calls it 'frightfully expensive ' He emphasised that it was beyond doubt that derivatives and speculative trades are vital for price discovery, hedging, and ensuring market depth.
Time of India
15-07-2025
- Business
- Time of India
Uday Kotak calls for global adoption of India's CSR model
Kotak Mahindra Bank managing director and CEO Uday Kotak (File photo) Kotak Mahindra Bank founder and non-executive director Uday Kotak has pitched India's 2 percent mandatory corporate social responsibility (CSR) spend as a global benchmark, calling on international companies to follow suit. 'Why can't we have the world's corporations give half a percent of their profits to sustainable development goals?' he asked in his keynote address at the TOI Social Impact Summit. 'Why can't India export its CSR principles to the entire world?' Kotak, who chaired a G20 panel on financing social development, said India's model offered an alternative to higher taxes. 'We created a structure where business allocates resources directly to society rather than routing them through govt,' he said. 'Most parts of the world fiddle with tax rates.' Indian companies currently contribute over Rs 30,000 crore annually through CSR. Kotak hopes this will rise to Rs 1 lakh crore. He urged companies to go beyond compliance. 'Ask yourself: Is the 2 percent being spent for the purpose it's intended, or just to meet a requirement?' Amid growing concerns over excessive speculation in Indian markets, Kotak questioned whether capital markets are serving their core purpose. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Đây có thể là thời điểm tốt nhất để giao dịch vàng trong 5 năm qua IC Markets Tìm hiểu thêm Undo 'We must ask: Are all the actions we're seeing in the marketplace today consistent with fair allocation of resources?' he said. Quoting Keynes, he warned, 'Speculation is like a bubble on a steady stream of enterprise. The problem arises when enterprise becomes a bubble. ' His remarks come as SEBI cracks down on misuse of India's booming options market. Kotak said strong governance across six pillars—management, boards, shareholders, auditors, rating agencies, and regulators—is key to building a resilient, self-reliant India.
