RBI approves reappointment of Uday Kotak as chief of Kotak Mahindra Bank

Speculation was rife about Kotak’s reappointment after RBI released a discussion paper in June this year on governance at commercial banks. The paper had proposed capping the tenure of bank CEOs who are promoters or large shareholders at 10 years. Since then several brokerage houses had anticipated a leadership change at Kotak Mahindra Bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/3qUDMkH