Uday Kotak resigns as MD and CEO of Kotak Mahindra Bank; Dipak Gupta takes interim charge. In its exchange filing, the Kotak Mahindra Bank stated that Uday Kotak has ceased to be the Managing Director & CEO of the Bank, with effect from September 1, 2023
Banking & Finance
Uday Kotak announced an early resignation from the position of managing director and chief executive officer at Kotak Mahindra Bank, after being at the helm of the bank since 1985. Dipak Gupta, the bank’s Joint Managing Director, will take over as interim Managing Director & CEO until December 31, 2023. Uday Kotak will continue to be a part of the bank as a Non-Executive director.As the bank prepares for new leadership, the question now emerges of who would take over to continue Kotak’s legacy. Two veteran Kotak Mahindra leaders have emerged as potential frontrunners – KVS Manian and Shanti Ekambaram.
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