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 has launched its first national biobank for Lysosomal Storage Disorders, integrating data from 530 patients to boost affordable diagnostics and therapies.

    Read More....
  • Odisha will add QR codes to land records for instant digital verification, ensuring tamper-proof ownership transparency.

    Read More....
  • India and the UK signed a defence pact allowing Indian Air Force instructors to train British fast jet pilots at RAF Valley. The move signals deeper military trust and cooperation.

    Read More....
  • Andrey Gyurov has been appointed interim prime minister by Bulgaria’s president to oversee April elections amid political instability. He is expected to ensure a fair and stable transition.

    Read More....
  • Brazilian MMA fighter Pablo Oliveira Costa died at 31 due to an electrocution accident while working in São José. Tributes praised his dedication and fighting spirit.

    Read More....
  • Russia has blocked WhatsApp citing legal non-compliance and is pushing citizens toward a state-backed alternative. The move reflects tighter digital control policies.

    Read More....
  • Brazilian President Luiz Inácio Lula da Silva will visit India from Feb 18–22 to strengthen trade, defence, and technology cooperation. The trip highlights growing strategic ties.

    Read More....
  • Saudi Arabia will host the Human Capability Initiative 2026 in Riyadh under Vision 2030, naming the UK as Country of Honor.

    Read More....
  • Actor James Van Der Beek, known for Dawson’s Creek, has died at 48 after battling cancer. His legacy shaped late-1990s teen television culture.

    Read More....
  • Proclaimed by UNESCO in 2011 and adopted by the UN in 2012, February 13 is celebrated as World Radio Day.

    Read More....