CURRENT AFFAIRS

Detailed explanation-1: -C S Rajan as an Additional and Independent Director on the Bank’s Board, for a period of five years, effective 22nd October, 2022, subject to the approval of the Members of the Bank. Mr. C S Rajan is a successful leader with over 40 years of experience across significant government portfolios.

Detailed explanation-2: -Kotak Mahindra Bank Limited on Saturday announced the appointment of C S Rajan as an additional and independent director on the bank’s board. Rajan’s appointment is for a period of five years effective 22 October 2022, subject to the approval of the members of the bank.

Detailed explanation-3: -Managing Director & CEO Mr. Uday Kotak, aged 62 years, holds a Bachelor’s degree in Commerce and a MMS degree from Jamnalal Bajaj Institute of Management Studies, Mumbai and was appointed as a Director on 21st November, 1985. He is the Managing Director & CEO of the Bank and also its promoter.

Detailed explanation-4: -Directors of Kotak Mahindra Asset Management Company Limited are Sanjiv Malhotra, Anjali Bansal, Nalin Mansukhlal Shah, Krishnakumar Natarajan, Uday Suresh Kotak, . Kotak Mahindra Asset Management Company Limited’s Corporate Identification Number is (CIN) U65991MH1994PLC080009 and its registration number is 80009.

Detailed explanation-5: -Why Uday Kotak’s elder son, Jay Kotak, will have to work his way up on merit.