Uday Kotak resigns as CEO and managing director of Kotak Mahindra Bank

PTI, Sep 2, 2023, 4:51 PM IST

Twitter Image

Uday Kotak has resigned as the managing director and chief executive officer of Kotak Mahindra Bank, the bank said in a stock exchange filing on Saturday.

Joint managing director Dipak Gupta will be the chief executive until December 31, it said.

“Uday Kotak has ceased to be the Managing Director & CEO of the Bank, with effect from September 1, 2023 on account of his resignation considered at the Bank’s Board meeting held today and has become a non-executive Director of the Bank,” the filing said.

No reason was cited for Kotak’s resignation.

As an interim arrangement, Gupta will carry out the duties of the Managing Director & CEO until December 31, 2023, subject to the approval of the RBI.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Udupi: Heavy downpour continues; Road connectivity severed, a bridge collapses

Karnataka minister directs officials to extend ‘Anywhere Registration’ system to all districts

Heavy rains wreak havoc in Karnataka, landslides disrupt travel in several areas

Udupi: Woman succumbs to burn injuries at hospital

Mangaluru: Veteran film producer, writer, and theatre artist Sadananda Suvarna passes away

Spotlight on Usha Vance, Indian-American wife of Trump’s running mate

Uttara Kannada: Landslide on National Highway near Shirur; 9 feared trapped under debris

Related Articles More

Sensex, Nifty close at record high levels for third day in a row

Windfall tax on crude petroleum hiked to Rs 7,000/tonne

Nifty hits fresh record high in early trade; Sensex climbs 290 points

Govt may introduce insurance laws amendment bill in Budget session

Trading activity to hinge on Q1 results, global trends in holiday-shortened week: Analysts


Dr. Rajkumar

Poisoning – Prevention

Mulbagal Dosa Vasavi Food Point

Donald Trump

Elephant attack

Latest Additions

Congress delegation meets UP DGP, draws attention to deaths in police custody

Pejavara Sri advocates for autonomy for temples to enhance social welfare

HC upholds order allowing ED to sell 26 high-end luxury cars of Sukesh Chandrashekar, wife

Row over probe against KCR: SC raps head of inquiry panel over presser; he bows out

Swati Maliwal assault case: Charge sheet filed against Kejriwal aide Bibhav Kumar

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.