Uday Kotak, the Managing Director and CEO of Kotak Mahindra Bank, has asserted that his decision to retire early was not made under external pressures. He emphasized that it was a voluntary move as part of the bank’s succession plan. Kotak expressed confidence in the bank’s leadership team to carry on its legacy and maintain strong corporate governance. He also clarified that he would continue to serve on the board and contribute to strategic decisions. His retirement as CEO is scheduled for April 2023, marking the end of an illustrious banking career. This statement seeks to dispel any doubts about the motives behind his retirement, reinforcing his commitment to a smooth leadership transition.