Kotak Mahindra’s Shares Fall After Ban On Cards And New Online Clients

April 26, 2024 admin

Uday Kotak built his Kotak Mahindra Bank Ltd. over decades to become Asia’s richest banker. After India’s regulator slapped his bank with a surprise ban, he’s facing one of his biggest tests yet – and a dip in wealth. The lender’s shares tumbled as much as 13% on Thursday after it was barred from adding…

Nation

Uday Kotak Resigns As Kotak Mahindra CEO

September 2, 2023 admin

Banker Uday Kotak has resigned as CEO and Managing Director of Kotak Mahindra Bank. New Delhi: Banker Uday Kotak has resigned as CEO and Managing Director of Kotak Mahindra Bank. In a letter to Prakash Apte, Chairman of the Board of Directors, Mr Kotak said he has resigned “with immediate effect” though he still has…

Nation