Kotak Mahindra Bank extends term of interim CEO Dipak Gupta

Kotak Mahindra Bank has received approval from the Reserve Bank of India (RBI) for the extension of Mr. Dipak Gupta's appointment as interim Managing Director & CEO. The extension will be in effect until December 31, 2023, or until the Managing Director & CEO assumes charge, whichever occurs first. 

This development follows the initial RBI approval granted on September 8, 2023.