Uday Kotak resigns as CEO of Kotak Mahindra Bank; Dipak Gupta appointed interim CEO
- Uday Kotak, the founder of Kotak Mahindra Bank has resigned as the Managing Director (MD) and CEO with effect from September 1, 2023. His tenure as MD and CEO was to end on December 31, 2023.
- Dipak Gupta, the Joint Managing Director, will carry out the duties of the MD & CEO of Kotak Mahindra Bank until December 31, 2023, subject to approval from the Reserve Bank of India (RBI).
Source: Indian Express