Uday Kotak Resigns As Kotak Mahindra Bank MD & CEO, Dipak Gupta Takes Interim Role
Uday Kotak Resignation: Uday Kotak has reportedly resigned from his role as managing director and chief executive officer of Kotak Mahindra Bank, effective September 1, as communicated by the bank to exchanges on September 2. It did not give a reason for Kotak’s resignation.Uday Kotak’s tenure as the chief executive officer and managing director of the bank ends on December 31, 2023.Also Read: Uday Kotak- Education And Personal LifeKotak will continue as a non-executive director of the bank.As an interim arrangement, Dipak Gupta, the joint MD, will carry out the duties of the MD and CEO until December 31, subject to the approval of the RBI and the members of the bank, it said.Succession planKotak, in a communication on social media on September 2, said he is stepping down to facilitate th...