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The Reserve Bank of India has approved the re-appointment of Uday Kotak as Managing Director and CEO of Kotak Mahindra Bank for another three-year period.
The RBI has also approved the re-appointment of Prakash Apte, as part-time Chairman, and Dipak Gupta as Joint MD of Kotak Mahindra Bank.
"We wish to inform you that the Reserve Bank of India (RBI) has granted approval for the re-appointments of Prakash Apte as part -time Chairman; Uday Kotak as MD and CEO; and Dipak Gupta as Joint MD for a period of three years, with effect from January 1, 2021," the private sector lender said in a regulatory filing on Monday.
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