The Reserve Bank of India has given its approval, for Dipak Gupta to serve as the acting Managing Director and CEO of Kotak Mahindra Bank for a duration of two months. With a standing association with the bank, Gupta will be responsible for critical areas such, as IT, cyber security, customer experience, and business intelligence.
The Reserve Bank of India (RBI) has granted approval for Dipak Gupta to assume the role of interim Managing Director and Chief Executive Officer at Kotak Mahindra Bank for a two-month term. Dipak Gupta, who currently holds multiple responsibilities within the bank, including oversight of IT, cyber security, customer experience, and business intelligence, previously served as the Joint Managing Director.
Dipak Gupta’s association with Kotak Mahindra Bank dates back to 1999 when he joined as an Executive Director of Kotak Mahindra Finance Ltd (KMFL). He played a pivotal role in shaping the bank’s retail business long before it obtained its banking license in 2003.
Gupta’s educational background includes an engineering degree in electronics from Banaras Hindu University in 1983, followed by a post-graduate diploma in management from IIM Ahmedabad in 1985.
On September 2, Kotak Mahindra Bank officially announced to the stock exchanges that Uday Kotak, the incumbent Managing Director and CEO, had resigned from his position ahead of the scheduled end of his term by the close of 2023.
Note-: Kotak Mahindra Bank Limited, based in Mumbai is a banking and financial institution. It offers a range of banking products and financial services, to both individual customers. These services include finance, investment banking, life insurance, and wealth management. In terms of market capitalization, it ranks as the 3 largest private sector bank, in India trailing only HDFC Bank and ICICI Bank. As of March 31st, 2023, the bank operates a network of 1,780 branches and 2,963 ATMs across the country.
