Uday Kotak, chairman of Kotak Mahindra Bank Ltd., attends the TiE Global Entrepreneurs Summit in New Delhi, India. (Photographer: Udit Kulshrestha/Bloomberg)

Kotak Argues RBI Autonomy Cannot Imply Carte Blanche

A billionaire banker who built one of India’s most valued banks. A regulator, considered first among equals, not accustomed to having its diktats questioned. And the Banking Regulation Act, which g...