New Delhi: The Kotak Mahindra Bank of the private sector has said that the Reserve Bank of India has approved the re-appointment of Uday Kotak (Uday Kotak) as the managing director of the bank for three years. is. The bank regulator has also approved the appointment of part-time chairman Prakash Apte as part-time chairman for three years.

The bank has stated in the information given to the stock market that the Reserve Bank of India through its letter dated December 14, 2020, as part-time chairman, Prakash Apte, Uday Kotak as Managing Director CEO and Joint Managing Director. Approved reappointment of Deepak Gupta for three years. His reappointment will come into effect from January 1, 2021.

Let us tell you that the shareholders of the Board of Directors of the bank had approved reappointment to these posts on May 13, 2020, August 18, 2020, respectively, which was subject to RBI approval. Uday Kotak is the founder managing director of the bank, while Prakash Apte was appointed as part-time chairman from July 20, 2018, to December 31, 2020.

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