The Reserve Bank of India (RBI) has granted approval for the appointment of Dipak Gupta as the interim Managing Director of Kotak Mahindra Bank. This move comes in the wake of the retirement of Uday Kotak, the founder and CEO of the bank. Dipak Gupta, an experienced professional with a long-standing association with Kotak Mahindra Bank, will assume the role of interim MD until a permanent successor is selected. The RBI’s endorsement of this appointment ensures a seamless transition in the bank’s leadership, preventing any potential disruptions in its operations. This decision reflects the RBI’s commitment to maintaining stability and continuity within the banking sector while leadership changes take place.