Leadership change at Kotak Mahindra Bank as founder Uday Kotak steps down

  • Uday Kotak steps down as MD and CEO of Kotak Mahindra Bank; assumes role as Non-Executive Director.
  • Dipak Gupta, existing Joint Managing Director, steps up as interim MD & CEO until end of 2023.
  • The bank has sought RBI approval for the appointment of a new Managing Director & CEO from 2024.
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