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

The Reserve Bank of India (RBI) has approved the re-appointment of Uday Kotak as Managing Director of Kotak Mahindra Bank for a further period of three years, with effect from January 1, 2021. Kotak is founder managing director and promoter of the bank.

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RBI has also approved the appointment of part-time chairman Prakash Apte and Dipak Gupta as Joint MD of the bank for a period of three years.

Important takeaways for all competitive exams:

• Kotak Mahindra Bank Establishment: 2003.
• Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra.
• Kotak Mahindra Bank Tagline: Lets make money simple.

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