The appointment of Dipak Gupta as Kotak Mahindra Bank's interim CEO has been approved by the RBI

8 Sep 2023 , 11:27 AM

Dipak Gupta has been appointed as Kotak Mahindra Bank’s temporary managing director and chief executive officer for a period of two months with the Reserve Bank of India’s approval. Gupta, who oversees IT, cyber security, customer experience, and business intelligence for the bank, formerly held the position of joint managing director.

Gupta has been associated with Kotak since 1999, when he joined as an executive director of Kotak Mahindra Finance Ltd (KMFL). Prior to Kotak receiving its banking license in 2003, Gupta was instrumental in developing the bank’s retail sector.

Gupta earned his engineering degree in electronics from Banaras Hindu University in 1983 before continuing on to the IIM Ahmedabad for his post-graduate management diploma in 1985.

Uday Kotak, the managing director and CEO of Kotak Mahindra Bank, had told the stock exchanges on September 2 that he had resigned from the position before his tenure was set to expire at the end of 2023.

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