CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the rank of Uday Kotak in 40 most powerful peoples in the financial world by Forbes magazine
A
18
B
21
C
6
D
33
Explanation: 

Detailed explanation-1: -It is India’s second largest private sector bank by market capitalisation as of November 2021. As of February 2021, the bank has 1600 branches and 2519 ATMs.

Detailed explanation-2: -Uday Kotak founded Mumbai-based Kotak Mahindra Bank, which provides commercial and investment banking, as well as insurance and brokerage services. Kotak has a net worth of about $13.9 billion as the country’s ninth-richest person, according to the Bloomberg Billionaires Index.-With assistance from Archana Narayanan.

Detailed explanation-3: -Kotak Investment Advisors Ltd, backed by Asia’s richest banker Uday Kotak, is seeking to raise about $1 billion for a new fund dedicated to investing in residential real estate in India.

Detailed explanation-4: -Uday Kotak, Asia’s richest banker, weighs $1-bn real estate fund: Report | Business Standard News.

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