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.

PM Modi inaugurated Assam’s first bamboo-based bioethanol plant at Numaligarh Refinery Limited (NRL), boosting green energy and local development.
Read More....
Albania became the first country to appoint an AI system ‘Diella’ as Minister for Public Procurement to ensure corruption-free governance.
Read More....
India announced the opium poppy cultivation policy for 2025-26, supporting farmers and safe production of alkaloid medicines.
Read More....
Indian boxer Minakshi won gold in the women’s 48kg category, defeating Kazakhstan’s Nazim Kizaybe 4-1.
Read More....
Prof. Pradeep Kumar Prajapati assumed the role of Director at All India Institute of Ayurveda, New Delhi.
Read More....
Indian women’s hockey team won the silver medal, losing 1-4 to China in the Asia Cup final.
Read More....
The Indian Navy commissioned INS Aravali in Gurugram, enhancing maritime domain awareness and operational coordination.
Read More....
PM Modi laid the foundation for ₹7,300 crore development projects in Manipur, enhancing infrastructure, connectivity, and welfare schemes.
Read More....
India and Norway held their first Maritime Security, Disarmament, and Non-Proliferation Dialogue in Oslo to strengthen strategic cooperation.
Read More....
Author Anand V. Patil received the Prof. V.K. Gokak Award in Bengaluru for his outstanding contributions to children’s literature.
Read More....

Uday Kotak resigns as CEO of Kotak Mahindra Bank