Uday Kotak to take on non-executive board member role
In a letter to shareholders, the MD and CEO of Kotak Mahindra Bank has said the bank intends to ‘nurture internal talent that is future-ready’
Uday Kotak, MD and CEO of Kotak Mahindra Bank, has said he will now take on the role of a non-executive board member and strategic shareholder. Kotak will be stepping down from his whole-time role, he said in a letter to shareholders.
As per media reports, in the letter Kotak has said that the bank intends to "nurture internal talent that is future ready".
He has also mentioned that it was uncommon in today's banking landscape to have an individual who holds 26% vested interest.
