Despite the recent spat involving BharatPe co-founder and Managing Director Ashneer Grover, he has praised Kotak Mahindra Bank Chairman and MD Uday Kotak, calling him a "legend."
"Uday Kotak is a legend. I had the fortune of starting my career in Kotak -7 years - and can tell you no one understands or does finance better in India!" In response to a LinkedIn post, the co-founder said.
Uday Kotak's path from being born into a middle-class household to collecting a net worth of $16 billion after chronicling his journey as a banker was discussed in a LinkedIn post by Radhika Bajoria, a communications expert.
In the context of the recent issue surrounding Grover and the Uday Kotak-led Kotak Mahindra Bank, these statements take on new meaning. Grover and his wife Madhuri Jain Grover received a legal notice from Kotak Mahindra on January 10 following a dispute over IPO financing. Grover's use of foul language and threats has prompted the private bank's wealth management unit to take legal action.