Thursday, July 10, 2025 | 02:30 PM ISTहिंदी में पढें

Home / Companies / News / Govt extends term of Uday Kotak as non-exec IL&FS chairman by another year

Govt extends term of Uday Kotak as non-exec IL&FS chairman by another year

The government through a gazatte notification extended term of Kotak, who is managing director and chief executive officer of Kotak Mahindra Bank, till October 2, 2021

Kotak Mahindra Bank Managing Director and Chief Executive Officer Uday Kotak talks about getting growth back, import duties, migrant labour, bank recapitalisation, etc

premium

Kotak was appointed by the Government as the head of the lender's board in 2018 to help the troubled company come out of difficulties, after the state took over the board.

Press Trust of India New Delhi

2 min read Last Updated : Sep 23 2020 | 11:04 PM IST

The government on Wednesday extended the term of Uday Kotak as non-executive chairman of debt-ridden IL&FS group by one year.

The government through a gazatte notification extended term of Kotak, who is managing director and chief executive officer of Kotak Mahindra Bank, till October 2, 2021.

The notification was issued by the Department of Financial Services in the Ministry of Finance on Wednesday and signed by Joint Secretary Amit Agrawal.

"And whereas, the central government, on the recommendations of the Reserve Bank of India (RBI), has considered it necessary to grant the said exemption to Kotak Mahindra Bank for a

Topics : Uday Kotak IL&FS Centre Kotak Mahindra Bank