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Uday Kotak will continue to serve as a non-executive director in Kotak Mahindra Bank
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Uday Kotak's tenure as the CEO and MD of the Kotak Mahindra Bank ends on December 31, 2023.
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Until then, The bank's Joint Managing Director Dipak Gupta will carry out the duties of the Managing Director & CEO, subject to RBI and members approval.
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Uday Kotak started Kotak Mahindra 38 years ago, with 3 employees in a 300 sqft office in Fort, Mumbai.
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Since then, the bank has created over 1 lakh direct jobs and delivered a return of 39% CAGR to its investors.
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According to Uday Kotak, An investment of Rs 10,000 with us in 1985 would be worth around Rs 300 crore today
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