Kotak Mahindra Bank is in the throes of a leadership change

Even as the exercise to find a successor to Uday Kotak is on, questions remain on the role to be played by the founder in the country’s fourth largest private bank.

Kotak Mahindra Bank is at a crossroads. Its founder and CEO of 20 years, Uday Kotak, is stepping away from his executive role at the end of the year. But with no succession plan announcement yet, the question of who takes the helm at India’s fourth largest private sector bank remains up in the air.

That uncertainty is playing out in the tepid performance of its shares. The Kotak Mahindra Bank stock, in the last year, has gained just 2% when shares of most of its peers as well as the Nifty Private Bank index have turned in double-digit growth. …


Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

Editor, Banking




Ashwin Manikandan

Ashwin covered fintech and banking at The Morning Context. Previously, he was at The Economic Times, where he worked across the finance, tech and startup verticals, breaking stories related to India’s banking system, startups in the new economy, digital payments, insurance and cryptocurrencies.