RBI gives Uday Kotak another three years as MD of Kotak Mahindra Bank

Kotak Mahindra Bank Managing Director and Chief Executive Officer Uday Kotak
Kotak Mahindra Bank on Monday said the Reserve Bank of India has approved the re-appointment of Uday Kotak as managing director for a further period of three years.

The regulator also approved the appointment of part-time chairman Prakash Apte and Dipak Gupta as Joint MD for a period of three years, with effect from January 1, 2021, the bank said in a regulatory filing.

The board of the bank and the shareholders had approved these re-appointments, subject to the approval of the RBI, at their respective meetings.

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