Kotak Mahindra Bank
Indian private sector bank
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| October 2024 | Ranked 18th on Forbes list of India's 100 richest tycoons, with a net worth of $14.1 billion. |
| April 2024 | The Reserve Bank of India imposed restrictions on Kotak Mahindra Bank, prohibiting the bank from onboarding new customers through mobile banking, online channels, and issuing new credit cards due to identified deficiencies in its IT systems. Existing customers remained unaffected by this regulatory action. |
| March 8 2024 | Ranked #148 on Forbes list of The Richest People In The World with a net worth of $13.3 Billion. |
| February 2024 | Zurich Insurance Group announced its acquisition of a 70% stake in Kotak Mahindra General Insurance. |
| 2023 | Kotak Mahindra Bank acquired microfinancier Sonata Finance. |
| September 2023 | Resigned from his CEO position and handed over the digital banking CEO role to his son, Jay Kotak. |
| August 2023 | Announced the combination of Kotak's alternate fund management and investment advisory businesses into Kotak Alternate Asset Managers (KAAM), which became the largest asset management entity in India with $18 billion in assets under management. |
| 2022 | Kotak Mahindra Bank acquired the agriculture and healthcare equipment financing portfolio of DLL India. |
| 2021 | Kotak Mahindra Bank sold its 8.57% stake in Airtel Payments Bank to Bharti Enterprises. |
| 2020 | Took over as President of the Confederation of Indian Industry (CII) for the year 2020-21. |
| 2020 | Kotak Mahindra Bank pledged a donation to the PM CARES Fund to support efforts in fighting the COVID-19 pandemic in India. |
| 2018 | Received the USIBC Global Leadership Award, recognizing his international business leadership and contributions. |
| September 2018 | By September, Kotak 811 had helped the bank double its number of customers since its launch in March 2017. |
| 2017 | Ranked #8th in India Today magazine's 50 Most Powerful People list, underscoring his influence in Indian business and society. |
| April 2017 | Kotak Mahindra Bank acquired Old Mutual's 26% stake in Kotak Mahindra Old Mutual Life Insurance, expanding its financial services portfolio. |
| March 2017 | Kotak Mahindra Bank launched Kotak 811, an online savings account named after the date of demonetisation announcement (8 November), which aimed to capitalize on the digital banking momentum. |
| May 2016 | Featured in Forbes magazine's Money Masters: The Most Powerful People in The Financial World as the sole Indian Financier, demonstrating his prominent status in the global financial sector. |
| 2015 | Won the 'Business Leader of the Year Award' by Economic Times, highlighting his leadership in the business community. |
| 2015 | Entered the general insurance business and partnered with Sunil Mittal's Bharti Airtel to start a small payments bank. |
| November 2014 | Sealed a $2.4 billion deal to acquire ING Vysya Bank, which significantly boosted the value of Kotak Mahindra Bank shares and nearly doubled Uday Kotak's personal wealth. |
| June 2014 | Uday Kotak was named Ernst & Young World Entrepreneur Of The Year, recognizing his significant achievements in business and entrepreneurship. |
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