New Delhi. The country’s richest banker Uday Kotak is soon going to appoint the new CEO of Kotak Mahindra Bank. But let us tell that this responsibility will not be handled by his son Jai Kotak, but by some other person. At present, Uday Kotak is handling this responsibility, it has been cleared by the top official of the bank. According to media reports, six months have been fixed for the appointment of new CEO in Kotak Mahindra Bank.
Kotak Mahindra Bank Whole Time Director KVS Manian said that Uday Kotak’s son Jai Kotak’s name is not among the contenders for the post of CEO.
New CEO may be appointed in 6 months
Kotak Mahindra Bank Whole Time Director KVS Manian has said that the name of the bank’s founder Jai Kotak is not in the CEO race. He has said that Jai Kotak is still young and he will have to prove himself by working on the basis of merit. He said, ‘The bank will announce the name of its new CEO in the coming five to six months.
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Will have to leave the post due to RBI rules
The Reserve Bank of India has made a rule regarding the maximum tenure of the CEO of all banks. Under this, Uday Kotak will have to leave the post of CEO and hand over this responsibility to another person. Uday Kotak has been holding the responsibility of the CEO of the bank since its inception in the year 1985.
Share on Kotak Mahindra Bank Technology
Kotak Mahindra Bank recently hired Amazon.com veteran Bhavneesh Lathia as Head of Customer Experience to design and lead the technology for its consumer bank. Kotak is currently emphasizing on the use of technology to increase its growth in all segments.
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FIRST PUBLISHED : November 16, 2022, 15:19 IST