Uday Kotak's wealth rose 43% to $10 billion due to note ban
Uday Kotak, billionaire Managing Director of Kotak Mahindra Bank, saw his personal fortune surge by 43% this year to $10.1 billion (nearly â¹65,000 crore). The rise in Kotak's wealth was attributed to reforms like demonetisation, which directed money that was previously in cash toward the kind of financial assets offered by his bank. Notably, Uday Kotak is India's richest banker.