In a significant development, Uday Kotak, the Founder and Promoter of Kotak Mahindra Bank, has officially stepped down from his role as Managing Director and CEO, effective September 1, 2023.

Source: https://www.ibtimes.co.in/uday-kotak-resigns-md-ceo-kotak-mahindra-bank-862165

Kotak Mahindra Bank is one of India's leading private sector lenders.

Source: https://www.marketscreener.com/quote/stock/KOTAK-MAHINDRA-BANK-LIMIT-46728631/news/India-s-Kotak-Mahindra-Bank-beats-expectations-with-26-net-profit-rise-in-Jan-March-43687221/?utm_medium=RSS&utm_content=20230429

The appointment is subject to shareholders’ approval, Kotak Mahindra Bank said in a statement.

Source: https://indianexpress.com/article/business/companies/international-banker-ashok-vaswani-to-head-kotak-mahindra-bank-8993840/

"The continued moderation in core inflation should provide respite to the RBI, which should keep them on a prolonged pause mode," said Upasna Bhardwaj, chief economist at Kotak Mahindra Bank.

Source: https://www.marketscreener.com/quote/commodity/WTI-2355639/news/INDIA-BONDS-India-bond-yields-fall-tracking-US-peers-oil-prices-Fed-outcome-eyed-45555678/?utm_medium=RSS&utm_content=20231212