Uday Kotak on 1 September announced to step down as managing director and chief executive officer of Kotak Mahindra Bank, and with this, the baton was passed to Joint Managing Director at Kotak Mahindra Bank — Dipak Gupta.
Gupta will carry out the duties of the MD and CEO until 31 December, which is subject to the approval of the RBI and the members of the bank.
After completing his engineering in electronics from Banaras Hindu University in 1983, Gupta — ranks among the highly rated bankers — went on to pursue his Post Graduate Diploma in Management from IIM Ahmedabad in 1985.
ALSO READ: Uday Kotak resigns as MD and CEO of Kotak Mahindra Bank, 3 months ahead of schedule
He joined Kotak Mahindra Primus Limited as CEO in 1996 and continued till 1999. Gupta also worked as a Senior Consultant for AF Ferguson and Co from 1985 to 2002.
Gupta was promoted from CEO of Kotak Mahindra Primus Limited to Executive Director of Kotak Mahindra Finance Limited which he continued from 1999 to 2003. Following this, he has been working as Joint Managing Director for Kotak Mahindra Bank.
This is a developing story, it will be updated shortly.
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Updated: 02 Sep 2023, 05:33 PM IST
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