Kotak Mahindra Bank

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 …

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Brokerages retain ratings, target prices for Kotak Mahindra Bank despite Uday Kotak’s exit

Uday Kotak`s resignation from the helm of affairs at Kotak Mahindra Bank seems to have little impact on the stock with most brokerages maintaining their target prices and ratings unchanged. Jefferies India has retained its ‘buy’ tag on the stock and kept the target price at Rs 2,400. Macquarie, too, stuck to its ‘neutral’ rating …

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