Uday Kotak steps down as CEO of India's Kotak Mahindra Bank sooner than planned

Uday Kotak steps down as CEO of India's Kotak Mahindra Bank sooner than planned

Uday Kotak. Photographer: Simon Dawson/Bloomberg

Billionaire Uday Kotak, who founded and leads Kotak Mahindra Bank, has resigned as the managing director and chief executive four months before his term was set to end, the bank said in a stock exchange filing on Saturday.

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