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Uday Kotak, the founder-promoter of Kotak Mahindra Bank, announced his resignation as its managing director and chief executive officer on Friday, marking the end of his illustrious career ...
Nov 12, 2023 · If not for a cricket ball to the skull, Uday Kotak might never have become one of modern India’s most successful finance entrepreneurs. The speeding projectile that hit him during a match at ...
Sep 2, 2023 · Uday Kotak on Saturday resigned as the Managing Director and Chief Executive Officer of private lender Kotak Mahindra Bank, the company said in a stock exchange filing. In the interim, Dipak Gupta, the Joint MD will takeover the responsibilities of Kotak until December 31, subject to the approval of the Reserve Bank of India and the members of the bank.
On 1 January 2021, Uday Kotak was appointed as the Managing Director (MD) of Kotak Mahindra Bank Limited. A small-scale loan-providing company named Sonata Finance was purchased by Kotak Mahindra Bank for Rs. 537 crore (US$67 million) in 2023.
Oct 11, 2023 · The banker, No. 15 on this year’s list with a net worth of $13.4 billion, hails from a commodities-trading family. He started Kotak Mahindra as a small finance firm in 1985, roping in Anand ...
Sep 2, 2023 · Uday Kotak, CEO and Managing Director of Kotak Mahindra Bank, has resigned effective from 1 September, three months ahead of his scheduled resignation on 31 December, 2023.Dipak Gupta will take ...
Sep 2, 2023 · Uday Kotak, the founder of Kotak Mahindra Bank, has stepped down as the bank's Managing Director and CEO with immediate effect. Kotak, who was due to retire in 2023, is the richest banker in India. During his career, he made significant contributions to the financial services industry and successfully led the acquisition of ING Vysya Bank. However, he faced challenges in reducing his promoter stake to meet regulatory requirements. A few RBI norms led to his voluntary retirement. However ...
