Kotak, along with his relatives and enterprises in which he has beneficial interest, held 25.95 percent of the equity share capital of the bank and 17.26 percent of the paid-up share capital of Kotak Mahindra Bank as on March 31, 2023
Kotak Mahindra Bank Limited at its meeting held on September 2, 2023 announced that Mr. Uday Kotak has ceased to be the Managing Director of the Bank, with effect from September 1, 2023 on account of.
Uday Kotak Steps Down As MD And CEO Of Kotak Mahindra Bank After 38 Years freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Gupta will need to also assure investors and depositors of smooth handling of the bank till the leadership transition is complete. Uday Kotak has been heading the organisation since its inception and there is no clarity yet about the new CEO. Gupta, however, is no stranger to challenges