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Tuesday, September 9, 2014

Kotak Bank appoints woman director on board

Kotak Mahindra Bank has appointed Farida Khambata as additional director on its board with immediate effect. The decision was taken at a board meeting on Sunday, September 7, Kotak Bank said in an exchange filing.

Currently, Khambata is global strategist at Cartica Management LLC and a member of its investment committee.

At present, the Kotak Bank board comprises Shankar Acharya, Uday Kotak, C Jayaram, Dipak Gupta, Asim Ghosh, Prakash Apte, Amit Desai, Narendra P Sarda and Mahendra Dev.

Starting October 1, 2014, SEBI has mandated that "The board of directors of the company shall have an optimum combination of executive and non-executive directors with at least one woman director and not less than fifty per cent of the board of directors comprising non-executive directors."

Source : The Hindu


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