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Uday Kotak
Uday Kotak (born 15 March 1959) is an Indian billionaire banker, entrepreneur, and the founder and executive vice chairman & managing director of Kotak Mahindra Bank, one of India’s leading
...Read more- Kotak Mahindra Bank says no communication received from RBI on Uday's Kotak's succession
"We would like to state that there is no communication, formal or informal, from RBI to Kotak Mahindra Bank or its Board members on CEO succession," Kotak Mahindra Bank said in a statement
- Uday Kotak drew Rs 1 token salary in FY 22-23, Dipak Gupta got Rs 5.43 cr, shows annual report
Kotak has been leading the bank since its inception as a non-banking financial institution in 1985. It became a commercial lender in 2003. He has a net worth of about $13.4 billion, according to Bloomberg Billionaires Index.
- Uday Kotak in letter to shareholders: Going forward, I see my role as non-executive board member, strategic shareholder
Kotak said it is unusual in today’s world of banking anywhere to have an individual with around 26 percent skin in the game with disproportionate family assets in one stock, emotionally attached to living his dream of making India proud
