Kotak Mahindra Bank owes its name to Anand Mahindra too. The current chairperson of the Mahindra and Mahindra conglomerate actually lent his family name to Uday Kotak right when things were getting off the ground. He was a promoter in the bank as well. But when the RBI asked the bank to reduce its promoter holding to 49%, Kotak MahindRA Bank simply declassified AnandMahindra and his family as a promoter in 2009. They claimed that Mahindra had diluted his take significantly and that he shouldn't be a promoter anymore.
Uday Kotak is stepping down as the boss of Kotak Mahindra Bank at the end of this year. But the drama has already begun.
What do we mean?
Well, that’s what we’re going to find out in today’s episode for 2nd August 2023.
If you're a person who is great at communicating and are enthusiastic to join our team, Ditto is looking to recruit new Insurance advisors. You don't even have to know about Insurance, we would train you from scratch and you can enjoy working remotely with a great team. If you're interested in this or know someone who is please click this link - bit.ly/3rnVoKv