Uday Kotak to be replaced soon

Uday Kotak to be replaced soon

• Kotak Mahindra Bank Ltd.’s board has engaged consulting firm Egon Zehnder to lead a global search for a chief executive officer to replace its billionaire founder Uday Kotak, people with knowledge.
• Uday Kotak has been leading the bank since its inception as a non-banking financial institution in 1985. It became a commercial lender in 2003. Kotak Mahindra Bank had 1,752 branches across India as of the end of 2022. Uday Kotak has a net worth of about $13.4 billion, according to Bloomberg Billionaires Index.

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Published date : 21 Feb 2023 05:27PM