Uday Kotak resigns as CEO of Kotak Mahindra Bank

Uday Kotak resigns as CEO of Kotak Mahindra Bank

Daily Current Affairs   /   Uday Kotak resigns as CEO of Kotak Mahindra Bank

Change Language English Hindi

Category : Appointment/Resignation Published on: September 05 2023

Share on facebook
  • Uday Kotak resigned as Managing Director and CEO of Kotak Mahindra Bank with effect from September 1, 2023.
  • Deepak Gupta, Joint Managing Director of the bank, will temporarily assume the role of Managing Director and CEO.
  • The change is subject to approval from the Reserve Bank of India (RBI) and the bank's members.
  • Uday Kotak has been leading Kotak Mahindra Bank since its inception in 1985 and guiding it to become a leading commercial lender.
  • His departure marks the end of an era in Indian banking, and he will remain as non-executive director till December 31, 2023.
Recent Post's

  • India evaluates joining Europe’s FCAS or GCAP to boost 6th-gen fighter capabilities alongside its indigenous AMCA project.

    Read More....

  • UN official Kaveh Madani, aged 44, has become the youngest recipient of the 2026 Stockholm Water Prize for his work on "water bankruptcy."

    Read More....

  • India and Vietnam signed a Memorandum of Cooperation to enhance bilateral ties in tribal and ethnic community development and cultural preservation.

    Read More....

  • India’s DGTR initiated an anti-dumping probe into imports of ethyl chloroformate from China to protect the domestic pharmaceutical and agrochemical industries.

    Read More....

  • The Geological Survey of India designated Uttar Pradesh’s Kalinjar Fort as a National Geo-Heritage Site due to its rare Eparchaean Unconformity.

    Read More....

  • The Union Cabinet approved a ₹2,584 crore Small Hydro Power scheme to add 1,500 MW capacity, focusing on Himalayan and North Eastern regions.

    Read More....

  • Agriculture Insurance Company of India launched the ‘Krishi Sakhi’ initiative to empower women farmers with crop insurance and financial literacy in 2026.

    Read More....

  • India remains the world's largest sugar consumer at 30–32 million metric tonnes, while Brazil leads in global production.

    Read More....

  • The 2026 International Day of Happiness was observed on March 20, focusing on well-being and life satisfaction in the digital age.

    Read More....

  • Vice-President C. P. Radhakrishnan inaugurated the Golden Jubilee Building of Modern School, Vasant Vihar, emphasizing education's role in Viksit Bharat @ 2047.

    Read More....