Uday Kotak

Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk.

Well, there's no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market.

Leverage is great when it works, and when it doesn't work, it creates a lot of issues. So I think if you limit the amount of leverage that people can borrow, or that banks can borrow, I think you'll find that you'll have a lot less issues going forward.

Do I sometimes hope I wake up in the morning and people are like, 'What's wrong with her? She looks emaciated.' Of course I would love that. I'm such a clothes whore, I would love the opportunity to be a hanger. But I think I'm more confident than I've ever felt in my life.