RBI re-appoints Uday Kotak as MD of Kotak Mahindra Bank

The Reserve Bank of India (RBI) has authorised the re-appointment of Uday Kotak as Managing Director of Kotak Mahindra Bank for an extra interval of three years, with impact from January 1, 2021. Kotak is founder managing director and promoter of the financial institution.

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RBI has additionally authorised the appointment of part-time chairman Prakash Apte and Dipak Gupta as Joint MD of the financial institution for a interval of three years.

Important takeaways for all aggressive exams:

  • Kotak Mahindra Bank Establishment: 2003.
  • Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra.
  • Kotak Mahindra Bank Tagline: Lets earn cash easy.

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