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The central bank's plan to suck out Rs. 2 lakh crore in a term repo auction triggered a jump in shorter duration rates including the tri-party repo rates (TREP), sovereign treasury bills, and inter-bank call money rate.
By Suvashree Ghosh and Anto Antony If it weren’t for a cricket accident that almost killed him, Uday Kotak probably wouldn’t be the world’s richest banker. A ball that hit him in the head and led to an emergency surgery pushed a 20-year-old Kotak to abandon his dream of becoming a professional player. After a brief stint at the family’s cotton-trading business, he went on to pursue his MBA at the prestigious Jamnalal Bajaj Institute of Management Studies in Mumbai before starting out in finance in 1985 at the age of 26. Kotak, now 61, has a fortune estimated at around $16 billion, acc...
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World’s Richest Banker Made $16 Billion After a Brush With Death Bloomberg 12/18/2020 Suvashree Ghosh and Anto Antony (Bloomberg) -- If it weren’t for a cricket accident that almost killed him, Uday Kotak probably wouldn’t be the world’s richest banker. A ball that hit him in the head and led to an emergency surgery pushed a 20-year-old Kotak to abandon his dream of becoming a professional player. After a brief stint at the family’s cotton-trading business, he went on to pursue his MBA at the prestigious Jamnalal Bajaj Institute of Management Studies in Mumbai befo...
Mr Kotak, now 61, has a fortune estimated at $16 billion, according to the Bloomberg Billionaires Index. If it weren't for a cricket accident that almost killed him, Uday Kotak probably wouldn't be the world's richest banker. A ball that hit him in the head and led to an emergency surgery pushed a 20-year-old Mr Kotak to abandon his dream of becoming a professional player. After a brief stint at the family's cotton-trading business, he went on to pursue his MBA at the prestigious Jamnalal Bajaj Institute of Management Studies in Mumbai before starting out in finance in 1985 at the age of 26.