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Uday Kotak resigns as MD & CEO of Kotak Mahindra Bank
Uday Kotak resigns as MD & CEO of Kotak Mahindra Bank

New Delhi, Sep 3 : Uday Kotak on Saturday informed that he had resigned as the Chief Executive Officer and Managing Director of Kotak Mahindra Bank from 1 September.

Uday Kotak took to microblogging site ‘X" (formerly Twitter) to pen a heartfelt note about his journey with Kotak Mahindra Bank. Uday Kotak started his letter by saying, “It has been 38 long years since this institution was created, with 3 employees in Fort, Mumbai, it is now a pre-eminent Bank and financial conglomerate, having presence across India and in 5 other countries, with over 100,000 employees".

“The bank awaits RBI approval of the proposed successor. In the interim my dear colleague Dipak Gupta - currently Joint MD, will function as MD & CEO, subject to approvals." Kotak mentioned in his post.

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