Warning: Undefined array key "HTTP_ACCEPT_LANGUAGE" in /home/u596154002/domains/usbusinessreviews.com/public_html/wp-includes/load.php on line 2057

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rank-math domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u596154002/domains/usbusinessreviews.com/public_html/wp-includes/functions.php on line 6114
Uday Kotak steps down as Kotak Mahindra Bank MD & CEO effective Sep 1 - Best Business Review Site 2024

Uday Kotak steps down as Kotak Mahindra Bank MD & CEO effective Sep 1

[ad_1]


Uday Kotak, managing director and chief executive officer of Kotak Mahindra Bank, stepped down on September 1, four months before his current term would have ended on December 31, 2023. Kotak will become a non-executive director on the board of the private sector lender.


“Uday Kotak has ceased to be the managing director and 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,” Kotak Mahindra Bank said in a notification to the stock exchanges on Saturday.


Dipak Gupta, the joint managing director of the bank, will carry out the duties of the managing director and CEO until December 31, 2023, as an interim arrangement, the bank said. The appointment of Gupta is subject to the approval of the Reserve Bank of India and the members of the bank.


Kotak Mahindra Bank has already made an application to RBI for the approval of the new managing director and CEO, with effect from January 1, 2024, the exchange filing said.




Kotak is the founder and promoter of the bank and has been the managing director and CEO of Kotak Mahindra Bank Limited (earlier known as Kotak Mahindra Finance Limited) since August 1, 2002.


From October 1, 2018, to April 2, 2022, Kotak served as non-executive chairman of the IL&FS board as constituted by the Government of India to steer the non-banking financial company out of a deep crisis, which he served as his national duty.


Gupta has been a whole-time director of the bank (earlier known as Kotak Mahindra Finance Limited) since January 1999 and had been designated as the joint managing director of the bank since January 1 2012.


Disclosure: Entities controlled by the Kotak family have a significant holding in Business Standard Pvt Ltd

[ad_2]

Source link

slot gacor slot gacor togel macau slot hoki bandar togel slot dana slot mahjong link slot link slot777 slot gampang maxwin slot hoki slot mahjong slot maxwin slot mpo slot777 slot toto slot toto situs toto toto slot situs toto situs toto situs toto situs toto slot88 toto slot slot gacor thailand slot bet receh situs toto situs toto slot toto slot situs toto situs toto situs toto situs togel macau toto slot slot demo slot pulsa slot pragmatic situs toto deposit dana 10k surga slot toto slot link situs toto situs toto slot situs toto situs toto slot777 slot gacor situs toto slot slot pulsa 10k toto togel situs toto slot situs toto slot gacor terpercaya slot dana slot gacor pay4d agen sbobet kedai168 kedai168 deposit pulsa situs toto slot pulsa situs toto slot pulsa situs toto situs toto situs toto slot dana toto slot situs toto slot pulsa toto slot situs toto slot pulsa situs toto situs toto situs toto toto slot toto slot slot toto akun pro maxwin situs toto slot gacor maxwin slot gacor maxwin situs toto slot slot depo 10k toto slot toto slot situs toto situs toto toto slot toto slot toto slot toto togel slot toto togel situs toto situs toto toto slot slot gacor slot gacor slot gacor situs toto situs toto cytotec toto slot situs toto situs toto toto slot situs toto situs toto slot gacor maxwin slot gacor maxwin link slot 10k slot gacor maxwin slot gacor slot pulsa situs slot 10k slot 10k toto slot toto slot situs toto situs toto situs toto bandar togel 4d toto slot toto slot situs toto