Uday Kotak resigns as CEO of Kotak Mahindra Bank effective September 1

Uday Kotak resigns as CEO of Kotak Mahindra Bank effective September 1: Kotak Mahindra Bank share price gained a percent after Uday Kotak resigned from MD & CEO position of the bank.

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He will continue to serve as a non-executive director of the bank. 

Kotak announced to step down as managing director and chief executive officer of the bank and the baton was passed to Dipak Gupta, the Joint Managing Director at Kotak Mahindra Bank.

Kotak Mahindra Bank shares gained as much as 1% to ₹1,789.05 apiece on the BSE.