Money & Banking

RBI approves re-appointment of Uday Kotak as MD & CEO of Kotak Mahindra Bank

Our Bureau Mumbai | Updated on December 14, 2020

Uday Kotak   -  BUSINESS LINE

Also approves re-appointment of part time Chairman, Joint MD

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.

Published on December 14, 2020

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