Noted banker Uday Kotak said the country's financial system is currently in a Darwinian mode as only the fittest lenders are able to survive. Kotak also said that historically, whenever there has been a problem with a private sector lender, it has been merged with a state-run bank.
He did not divulge any further information on what is going to be an intricate issue and hard bargaining.
Billionaire banker Uday Kotak founded bank as well as brokerage created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that followed a damning Hindenburg report, the US short seller said on Tuesday. Hindenburg Research, which had in a January 2023 report alleged stock market manipulations and accounting fraud at the Adani group, said it has received a show cause notice from the Indian markets regulator Sebi over gains made from betting on the conglomerate's shares.
The BJP-led Mahayuti alliance, which secured a landslide victory in the recent Maharashtra assembly elections, is set to form the new government in the state. Outgoing Chief Minister Eknath Shinde, his deputies Devendra Fadnavis and Ajit Pawar met Union Home Minister Amit Shah to finalize a power-sharing agreement. The alliance partners, BJP, Shiv Sena and NCP, will decide on ministerial berths at the meeting with Shah. Political circles are abuzz about the social equations in Maharashtra influencing the choice of the next Chief Minister.
'Today, two great democratic nations pause to mourn the loss of this courageous young man who chose the life of a soldier,' Campbell said at Uday Singh's residence in Chandigarh.
In absence of Harbhajan Singh, who has been advised rest for pain in his shinbone, Uday Kaul will lead Punjab in their Ranji Trophy Elite division match against Railways at the PCA cricket stadium, Mohali, on Tuesday.
We played rash shots, couldn't execute plans: Uday Saharan
The stage is set for an intense battle between the unbeaten teams, showcasing the best emerging talents in the world.
Allocation to bank deposits -- fixed deposits, savings account deposits, and current account deposits -- came down.
The poll aspirants who feel threatened are seeking to garner sympathy from their voters by meeting influential leaders like Jarange in the Marathwada region
Musheer Khan, Uday Saharan, Sachin Dhas, Saumy Pandey named in U19 World Cup Team of the Tournament
Proteas pacer Kwena Maphaka re-wrote the history books after South Africa's U-19 World Cup campaign concluded following their defeat in the semi-final against India.
Congress leader Jairam Ramesh on Monday hit out at the Election Commission for the 'tone and tenor' of its recent letter to his party while also urging the poll body to act against 'communal and incendiary rhetoric' allegedly used by Assam Chief Minister Himanta Biswa Sarma during poll campaigns.
The 21-year-old India-born US Army trooper was killed in an ambush near Habbaniyah Air Force near Baghdad.
The tournament final will be played at the Dubai International Stadium on December 17. All group matches and semi-finals will be played at the ICC Academy Ovals 1 and 2.
The Congress on Friday hit out at the Election Commission after it rejected allegations over irregularities in the Haryana assembly polls, saying if the poll panel's goal is to 'strip itself of the last vestiges of neutrality', then it is doing a 'remarkable job' at creating that impression.
Their lists show that a significant number of contenders are closely related to the current ministers, legislators or MPs, including their sons or daughters, wives and brothers or sisters.
The Reserve Bank has given its nod for appointment of Dipak Gupta as interim managing director and CEO of Kotak Mahindra Bank following the resignation of Uday Kotak. RBI through its letter dated September 7, 2023, approved Gupta's appointment for a period of two months with effect from September 2, 2023, Kotak Mahindra Bank said in a BSE filing. It is expected that RBI would decide the full time MD of the bank during the period.
There is no immediate plan, either in terms of employees or branches, said Uday Kotak on the merger deal.
Captain Uday Saharan said winning a close match against South Africa in the semi-finals will benefit India in the final.
India's journey to their 5th consecutive U19 ICC World Cup final has been nothing short of sensational.
Senior advocate Uday Lalit was on Monday appointed as special public prosecutor for the trial in 2G case involving former telecom minister A Raja and others by the Supreme Court ending uncertainty triggered by government by objecting to his name on technical grounds.
Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire. The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
Talented Telugu actor Uday Kiran decided to end his life at 33. Radhika Rajamani, who had interviewed the actor several times in the past, recounts what he was like in person and what made him a talent worth rooting for.
Senior advocate Uday U Lalit has been recommended by the Supreme Court collegium to be a judge on its bench.
The employees are demanding salary parity with state government employees, seeking a pay scale adjustment to match that of their counterparts in the state sector.
India edged South Africa by two wickets to advance to their ninth Under-19 World Cup final.
Kanitkar feels playing in the U-19 World Cup provides the players with an insight into the senior level.
Having already sealed a super six berth, record five-time champions India will be expected to breeze past USA in their final group game of the U-19 World Cup in Bloemfontein on Sunday.
Kotak Mahindra Bank on Tuesday announced that its joint managing director K V S Manian, a veteran at the private sector lender, has stepped down with immediate effect. Manian, who had been with the lender for nearly three decades, was elevated in a management rejig in January.
IMAGES from the Under-19 World Cup match played between India and Bangladesh on Saturday.
Swara Bhasker was treated to a surprise baby shower, hosted by husband Fahad Ahmad and close friends Samar Narayen and Lakshita.
The Madhya Pradesh forest department has refused to provide information under the Right to Information Act on management of cheetahs brought from Africa and their cubs born in India.
Uday K M, also known as 'Kadalur Uday Gowda, was welcomed into the party fold in the presence of state Congress president DK Shivakumar.
Pakistan rode on Azan Awais' classy unbeaten century to beat arch-rivals India by eight wickets in the ongoing U-19 Asia Cup in Dubai on Sunday.
Phogat and Punia joined the party in the presence of Congress general secretary KC Venugopal, spokesperson Pawan Khera and Haryana Congress chief Uday Bhan.
'The makers don't shoot in chunks, it is all in one go with all the characters visible in the frame. This set-up is different from the general shooting style.' 'To execute this, everyone needs to be well prepared.'
Commentators swiftly reminded viewers of the heated final between the two teams in the 2020 U-19 World Cup, emphasising the ill-tempered nature of the match
As many as 28 legislators, including former Union minister Prahlad Patel and Bharatiya Janata Party national general secretary Kailash Vijayvargiya, were on Monday inducted into the Madhya Pradesh cabinet led by Chief Minister Mohan Yadav.
