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Uday Kotak, founder of Kotak Mahindra Bank, received India’s Padma Bhushan for transforming private banking with transparency and disciplined growth.
Uday Kotak, founder of Kotak Mahindra Bank, has been awarded India’s Padma Bhushan, one of its highest civilian honors, on Republic Day eve 2026.
The recognition highlights his pivotal role in transforming India’s private banking sector since the early 1990s, building a major financial institution from a Rs 30 lakh loan with a focus on transparency, low-risk lending, and disciplined growth.
The award, presented by the President of India, honors his lasting impact on the country’s financial landscape.
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Uday Kotak, fundador de Kotak Mahindra Bank, recibió el Padma Bhushan de la India por transformar la banca privada con transparencia y un crecimiento disciplinado.