The Money Multiplier
“A good bank must have three human qualities – prudence, simplicity and humility”
has a simple piece of advice for his team for the next phase of the ₹4 lakh crore market cap Kotak Group’s journey into the future. “I am putting this as a modest request to the future team. Let’s work on producing returns for shareholders,” says Kotak, the 60-year-old Managing Director and CEO of Kotak Mahindra Bank. Kotak simply expects the 60,000-member Kotak family to deliver the returns that the group has given in the last three-and-a-half decades. The group has given average compounded returns of 40 per cent since its journey began in the 80s. So, if an investor had put in ₹1 lakh in
