November 30, 2022

The country’s richest banker Uday Kotak’s son will not follow his father’s lead, know why!

The new CEO should also increase the bank’s infrastructure financing. The new CEO will have to focus on what role Kotak Mahindra Bank can play in financing infrastructure such as roads, airports and renewable energy.

Son of India’s richest banker Uday Kotak Kotak Mahindra Will not take command. This information has been given in a report. The report says that Kotak Mahindra Bank Billionaire founder Uday Kotak is looking for a CEO for his bank. He is preparing to hand over his duties within the next 6 months. Uday Kotak Started banking business in 1985. Since then he has been the head of Kotak Mahindra Bank. But now they want to give their work to someone else. The important thing in this is that Jai Kotak (son of Uday Kotak) will not get the command.

Kotak Mahindra Bank Wholetime Director KVS Manian gave this information to ‘Economic Times’. According to reports, Uday Kotak will hand over the banking business to someone else as CEO by the end of next year. A major reason behind Uday Kotak’s retirement is the Reserve Bank of India’s guidelines on the tenure of an Indian businessman.

Kotak Bank will pick a new CEO

KVS Manian said, victory is still small. They have to work on their own merits. Manian expressed hope that Kotak Mahindra Bank’s board will decide on a new CEO in the next 5-6 months. Some information about the work of the new CEO has also come forward. The new CEO will be tasked with expanding Mumbai-based Kotak Mahindra Bank. In recent times, people have increased their spending very rapidly, which is seen as an indication of the increase in annual debt. Currently, credit growth is at its highest level in a decade. Banks want to take full advantage of this opportunity and Kotak Mahindra has also taken note of this.

Big preparation of Kotak Mahindra Bank

Kotak Mahindra Bank recently made big hires. The bank has hired Bhavnish Lathia from Amazon.com as head of customer experience. Lathia has been given the major responsibility of leading the bank’s design and technology. Technology has a big role to play in the growth of banks, which Kotak Mahindra Bank is fully focusing on. Kotak Mahindra Bank competes not with other banks but with tech platforms that provide digital services to customers with faster convenience.

The new CEO should also increase the bank’s infrastructure financing. The new CEO will have to focus on what role Kotak Mahindra Bank can play in financing infrastructure such as roads, airports and renewable energy.

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English News Headlines: Uday Kotak’s son Joy Kotak will not lead Kotak Mahindra Bank Ltd

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