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
  • Indian-American musician and entrepreneur Chandrika Tandon has won a Grammy Award for her album "Shanti - A Journey of Peace".

    Read More....
  • Shri H Shankar has taken charge as the Managing Director of Chennai Petroleum Corporation Ltd.

    Read More....
  • Prime Minister launches Dhan-Dhaanya Krishi Yojana to enhance agricultural productivity in 100 low crop productivity districts.

    Read More....
  • Canada imposes a 25% tariff on U.S. imports in retaliation to Trump's tariffs.

    Read More....
  • Benjamin Netanyahu appoints Major General Eyal Zamir as the new head of the Israeli Defense Forces.

    Read More....
  • India and Oman agree to amend the Double Taxation Avoidance Agreement to enhance bilateral cooperation.

    Read More....
  • New Zealand's Mount Taranaki has been granted legal personhood, recognizing it as a living entity with rights and responsibilities.

    Read More....
  • The Government of India has appointed Abhinav Gupta as the Additional Director General of the Directorate General of Foreign Trade (DGFT).

    Read More....
  • Former Chief Election Commissioner Navin Chawla Dies At 79.

    Read More....
  • All India Radio and the Ministry of Culture launched the classical music series 'Har Kanth Mein Bharat' to celebrate India's rich musical heritage.

    Read More....