The founder of Kotak Mahindra Bank Uday Kotak has stepped down as the Managing Director (MD) and CEO with effect from September 1, 2023. The resignation comes four months ahead of the end of his current tenure, which is December 31, 2023.
The bank, in a filing to exchanges, said Kotak’s resignation was considered at the board meeting held on Saturday. He has become a non-executive director of the bank.
This story is subscriber only!
Now subscribe at a special Republic Day offer of Rs 75/month.
Subscribe Now
Already a subscriber? Sign in