RBI approves Dipak Gupta’s appointment as interim chief of Kotak Mahindra Bank

The Reserve Bank of India has approved the appointment of Dipak Gupta as Interim Managing Director and CEO of Kotak Mahindra Bank for a two-month term. Gupta oversees many of the bank’s responsibilities as head of IT, cybersecurity, customer experience and business intelligence, and previously served as co-managing director.
Gupta’s involvement with Kotak dates back to 1999, when he joined Kotak Mahindra Finance Limited (KMFL) as Managing Director, and was the head of the bank’s retail banking business even before Kotak obtained its banking license in 2003. Played an important role in building the business.
Mr. Gupta graduated from Banaras in 1983 with a degree in Electronics Engineering from Hindu University and in 1985 he received a Postgraduate Diploma in Business Administration from IIM Ahmedabad.
Kotak Mahindra Bank informed the stock exchange on Sept. 2 that managing director and CEO Uday Kotak will step down before his term expires at the end of 2023.