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Stocks in focus: RIL, Bharti Airtel, Vodafone Idea, TCS, Kotak Mahindra Bank, Burger King, NMDC

Stocks in focus: RIL, Bharti Airtel, Vodafone Idea, TCS, Kotak Mahindra Bank, Burger King, NMDC
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RBI allows Kotak to lead bank for three more years

RBI allows Kotak to lead bank for three more years Top Searches This story is from December 15, 2020 RBI allows Kotak to lead bank for three more years TNN / Updated: Dec 15, 2020, 14:05 IST FacebookTwitterLinkedinEMail Uday Kotak (File photo) MUMBAI: Kotak Mahindra Bank’s promoter and CEO Uday Kotak has been cleared for reappointment by the RBI along with his deputy MD and chairman for three years. The second-most valuable private bank informed the stock exchanges that the regulator had on Monday approved the re-appointment of Kotak as MD & CEO, Prakash Apte as part-time chairman, and Dipak Gupta as joint MD for three years effective January 1, 2021.

RBI approves re-appointment of Uday Kotak as chief of Kotak Mahindra Bank

RBI approves re-appointment of Uday Kotak as chief of Kotak Mahindra Bank Premium 1 min read Kotak has already served as the head of Kotak Mahindra Bank for the past 17 years Share Via Read Full Story Mumbai: The Reserve Bank of India has approved the appointment of Uday Kotak as the managing director and chief executive officer of Kotak Mahindra Bank for a period of three years with effect from 1st January 2021, according to a stock exchange release. Kotak s re-appointment had come under question after RBI released a discussion paper in June this year on governance at commercial banks. The paper had proposed capping the tenure of bank CEOs who are promoters or large shareholders at 10 years.

Stocks to track in trade for December 15, 2020: TCS, Tata Steel, PNB, Ashok Leyland BPCL

Updated Dec 15, 2020 | 08:45 IST RBI granted approval for the re-appointments of Uday Kotak as MD & CEO of Kotak Mahindra Bank from Jan 1, 2021. Stocks to track in trade for December 15, 2020: TCS, Tata Steel, PNB, Ashok Leyland BPCL  Key Highlights Bank of Maharashtra successfully raised capital of Rs 200.70 crore through a private placement Basant Maheshwari’s investment firm picked up shares of debutant Burger King India TCS  The Company has expanded its strategic partnership with Star Alliance to provide predictive and real-time business analytics, improve its customers’ overall experience and accelerate its digital transformation journey.  Kotak Mahindra Bank RBI has granted approval for the re-appointments of Uday Kotak as MD & CEO, Dipak Gupta as Joint MD and Prakash Apte as Part-time Chairman for a period of 3 years, with effect from January 1, 2021.

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