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RBI okays interim Kotak chief for 2 mths
Mint Mumbai
|September 09, 2023
The Reserve Bank of India (RBI) has approved the appointment of Dipak Gupta as interim managing director and chief executive officer of Kotak Mahindra Bank for a period of two months instead of four, indicating its intent to appoint a full-time chief during this period
The appointment of Gupta was necessitated by the sudden resignation of founder Uday Kotak effective 1 September.
The RBI, through its letter dated 7 September 2023, approved Gupta's appointment for a period of two months with effect from 2 September, Kotak Mahindra Bank said in a stock exchange filing.
Kotak's resignation came four months ahead of the end of his tenure on 31 December.
As an interim arrangement, Gupta, the bank's joint managing director, was nominated to carry out the duties of the MD and CEO till 31 December.
Dit verhaal komt uit de September 09, 2023-editie van Mint Mumbai.
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