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.
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.