Kotak Mahindra Bank Limited (Kotak) announced that the Reserve Bank of India (RBI) has approved the appointment of C S Rajan, Independent Director of the Bank, as the Part-time Chairman, for a period of two years, effective 1st January 2024. Rajan’s appointment as the next Part-time Chairman of the Bank’s Board follows the retirement of the…
Kotak Mahindra Bank Limited, Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) and Zurich Insurance Company Limited (Zurich) have entered into definitive agreements for a transaction whereby Zurich will invest (approximately) Rs 4,051 crore to acquire a 51% stake in Kotak General Insurance through a combination of fresh growth capital and share purchase. Further,…
Kotak Mahindra Bank Ltd. (KMBL) announced the joining of Milind Nagnur as President & Chief Technology Officer (CTO) to spearhead the Bank’s technological transformation. Milind brings with him more than 20 years of global experience in technology leadership roles predominantly in the banking and Fintech space. He has an extensive background in highly regulated financial…