Whole-time directors seen to succeed Kotak at bank
Monday, 4 September 2023 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 second-in-command, Dipak Gupta, who has taken charge as interim CEO, is ineligible for a director position because of RBI's cap on tenure for board positions.
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.
Monday, 4 September 2023
