Kotak Bank's growth plans to take a hit post RBI restrictions on digital channels; shares plunge 11 pc
It was in September 2023 that Uday Kotak, the founder, MD and CEO of Kotak Mahindra Bank stepped down. The Reserve Bank of India had in 2021 capped the maximum tenure of MD and CEOs at 15 years. So, Kotak was due to retire by the end of December 2023. …