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.