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ArtikelKotak Moment; Indian Banking  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8786 (May 2012), page 77.
Topik: Banks; Joint Ventures; Investment Banking; Foreign Investment
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.72
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelIn 1993 two Goldman Sachs partners, Jon Corzine and Hank Paulson, who both later ran the bank, were hosting a dinner in Hong Kong and needed a guest who could talk about India. They invited a relative unknown, Uday Kotak, whose firm financed cars and discounted bills there. Three years later the two firms formed an Indian investment-banking joint venture. In March of this year Goldman's board met in India for the first time. Invited to the shindig were the big beasts of India Inc. Among them was Mr Kotak, now boss of a leading bank and a multibillionaire. "My objective is to build something sustainable that lasts 100 years," says Mr Kotak, who is upbeat without being hyperbolic, not a trick all Indian tycoons manage. Kotak Mahindra Group's rise mirrors that of India. The bank was born in 1985, and although it thrived in the insular India of that time it was quick to seek foreign expertise as the economy opened up after 1991. As well as befriending Goldman, it also struck a car-financing pact with Ford. Kotak bought out the partners in both these ventures in 2005-06 as the India boom took off.
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