In a notification to exchanges on September 2, Kotak Mahindra Bank announced that Uday Kotak has resigned as managing director and chief executive officer with immediate effect from September 1, 2023. However, the bank stated Kotak will continue to serve as a non-executive director. On December 31, 2023, Uday Kotak's term as the bank's managing director was scheduled to come to an end. According to the statement, Dipak Gupta, the joint managing director, would serve as the MD and CEO until December 31 as a temporary measure, pending the RBI's and the bank's members' permission. Uday Kotak Elated After India Topples ‘Colonial Ruler’ UK To Become World’s 5th Biggest Economy; Gives a Reality Check Too.

Uday Kotak Resigns as MD and CEO of Kotak Mahindra Bank

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