Highlights

  • Internal contenders for the bank's top post include group Presidents and whole-time directors Shanti Ekambaram and KVS Manian
  • Uday Kotak will transition from his CEO position by the end of next year

Latest news

Unprecedented fracas on Parliament premises, 2 BJP MPs injured; NDA, Congress file police complaints

Unprecedented fracas on Parliament premises, 2 BJP MPs injured; NDA, Congress file police complaints

Palestinians say six killed in Israeli West Bank operations

Palestinians say six killed in Israeli West Bank operations

Around 70 Hindu pilgrims arrive in Pak from India to perform religious rituals at Katas Raj temples

Around 70 Hindu pilgrims arrive in Pak from India to perform religious rituals at Katas Raj temples

Delhi Elections: MCD passes proposal to release Rs 25.35 crore for preparations

Delhi Elections: MCD passes proposal to release Rs 25.35 crore for preparations

Global stocks struggle amid inflation, economic fears: December 19, 2024 analysis

Global stocks struggle amid inflation, economic fears: December 19, 2024 analysis

Union Home Minister Amit Shah reviews J&K security situation

Union Home Minister Amit Shah reviews J&K security situation

Mysterious 'dinga dinga' illness causing body shaking affects 300 in Uganda

Mysterious 'dinga dinga' illness causing body shaking affects 300 in Uganda

Putin ready to meet Trump 'anytime' to talk Ukraine deal

Putin ready to meet Trump 'anytime' to talk Ukraine deal

Kotak Bank board launches global search for a new CEO to replace Uday Kotak

Kotak Mahindra Bank's board hires consulting firm Egon Zhender to conduct a global search for a new CEO for the bank to replace founder & CEO Uday Kotak, as per a bloomberg report. 


Kotak Bank board launches global search for a new CEO to replace Uday Kotak

Kotak Mahindra Bank's board has engaged consulting firm Egon Zhender to lead a global search to replace Founder CEO, Uday Kotak, according to a Bloomberg report. This has been done to expand the search to ensure it finds suitable candidates.

Internal contenders for the job include group Presidents and whole-time directors Shanti Ekambaram and KVS Manian. Kotak's son Jay Kotak is not a contendor for the job.

Uday Kotak has been leading the bank since inception and will transition from his CEO position by the end of next year after RBI's guidelines capped tenures for Indian business heads.

A representative for Kotak Mahindra Bank declined to comment, while a representative for Egon Zehnder didn’t immediately respond to requests for comment.

ADVERTISEMENT

Up Next

Kotak Bank board launches global search for a new CEO to replace Uday Kotak

Kotak Bank board launches global search for a new CEO to replace Uday Kotak

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

UK PM Keir Starmer hosts Indian business chiefs to boost investments

UK PM Keir Starmer hosts Indian business chiefs to boost investments

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

New Zealand falls into recession with abrupt economic slowdown

New Zealand falls into recession with abrupt economic slowdown

ADVERTISEMENT

editorji-whatsApp

More videos

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.