Business News›Prime›Markets›Shanti Ekambaram or KVS Manian: Filling Uday Kotak’s larger-than-life shoes a not-so-enviable task

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Shanti Ekambaram or KVS Manian: Filling Uday Kotak’s larger-than-life shoes a not-so-enviable task

BCCL

Kotak Mahindra Bank's whole-time directors Shanti Ekambaram and KVS Manian.

Synopsis
Uday Kotak stepped down as the managing director and chief executive of Kotak Mahindra Bank, four months ahead of the scheduled end of his tenure on December 31, bringing to fore the succession issue.

In a surprise move, Uday Kotak stepped down as the managing director and chief executive of Kotak Mahindra Bank on Friday — four months ahead of the scheduled end of his tenure on December 31. He has been at the top post for nearly 20 years, or 38 years if the bank's earlier avatar as a non-banking finance is also counted. Now, the big question is succession. Who will succeed Kotak and helm the bank, which is one of the most professionally run