Uday kotak: Has resigned as MD

Uday Kotak has resigned as MD and CEO of Kotak Mahindra Bank, with Dipak Gupta taking over until December 31 Uday Kotak resigned as the CEO and managing director of Kotak Mahindra Bank, announcing that he cherished his journey as its founder for 38 years and now "it is time to move on". Uday Kotak has resigned as managing director (MD) and chief executive officer (CEO) of Kotak Mahindra Bank, with effect from September 1, 2023. Kotak 's resignation comes four months ahead of schedule, and he has cited “personal family commitments” as the reason for the same. Uday Kotak today announced his departure from Kotak Mahindra Bank as the managing director (MD) and the chief executive officer (CEO) effective September 1, 2023.