Uday Kotak resigns as CEO of Kotak Mahindra Bank

September 02, 2023 17:18

Uday Kotak

Uday Kotak has resigned as the managing director and chief executive officer of Kotak Mahindra Bank, the bank said in a stock exchange filing on Saturday.

Joint managing director Dipak Gupta will be the chief executive until December 31, it said.

"Uday Kotak has ceased to be the managing director & CEO of the Bank, with effect from September 1, 2023 on account of his resignation considered at the bank's board meeting held on Saturday and has become a non-executive director of the bank," the filing said.

No reason was cited for Kotak's resignation.

As an interim arrangement, Gupta will carry out the duties of the managing director & CEO until December 31, 2023, subject to the approval of the RBI. -- PTI

« Back to LIVE

TOP STORIES

'Shammi Kapoor Wanted To Marry Me But...'

'It was not a love affair, it was much more.'

Extreme training: Horn's recipe for Indian hockey win

As India prepare for their quarter-final match, it seems that Horn's boot-camp has had its desired effect.

UPSC cancels Puja Khedkar's selection, bars her from all future exams

The Union Public Service Commission (UPSC) on Wednesday said it has cancelled the provisional candidature of probationary Indian Administrative Service officer Puja Khedkar and debarred her from all future examinations or selections.

Olympics: Boxer Lovlina advances to quarters

The reigning world champion had won her Tokyo bronze in the 69kg category.

Olympics: Archer Deepika enters pre-quarters

Earlier, Deepika defeated Reena Parnat of Estonia 6-5 in a shoot-off in her opening match.