Don’t overspend at the expense of future generations: Kotak SECTIONS Share Synopsis “We must also be clear that we are all borrowing from the future generations,” Kotak said in his note to employees. “This encompasses both spends, with governments having spent huge amounts of money, as also the climate. We owe it to the future generations that we do not overspend on their account just for protecting our lives alone.” Mumbai: Billionaire banker Uday Kotak has cautioned against over-spending to protect the lives of the present generation. Kotak in his annual message to staff said that all are borrowing from the future generations which also includes government spending.