The regulator has also cleared re-appointments of Prakash Apte as part-time chairman, and Dipak Gupta as joint managing director
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Kotak Mahindra Bank | Uday Kotak
Anup Roy |
Last Updated at December 15, 2020 01:26 IST
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.
Disclosure: Entities controlled by the Kotak family have a significant holding in Business Standard Pvt Ltd
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First Published: Mon, December 14 2020. 22:29 IST
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