Uday Kotak resigns as MD & CEO of Kotak Mahindra Bank

Veteran banker Uday Kotak on Saturday resigned as CEO and managing director of Kotak Mahindra bank, bringing an end to his nearly four-decade-long stint leading the bank, which he founded in 1985. However, he will continue to remain as a non-executive director of the bank.

Dipak Gupta has been appointed as the interim Managing Director and CEO of Kotak Mahindra Bank by the Reserve Bank of India (RBI) following the resignation of...

Kotak Mahindra Bank's two whole-time directors, K V S Manian and Shanti Ekambaram, are seen as key internal contenders to succeed Uday Kotak. The former...