Krishnan Venkat Subramanian resigned on Tuesday as the Joint Managing Director of Kotak Mahindra with immediate effect.
In a letter addressed to shareholders and investors, Avan Doomasia, the Company Secretary of Kotak Mahindra Bank Limited, stated that Krishnan Venkat Subramanian, also known as KVS Manian, has resigned from his position as Whole-time Director designated Joint Managing Director with immediate effect.
HT launches Crick-it, a one stop destination to catch Cricket, anytime, anywhere. Explore now!
Consequently, KVS Manian ceases to be a director and a key managerial personnel of the bank.
Read more: Ashneer Grover mocks Kotak Mahindra Bank: ‘LOL! Banks se tech nahi ho rahi’
The letter from KVS Manian, dated April 30, was considered, noted, and accepted at the Board of Directors meeting held on the same day.
In his resignation letter to the board members, Manian stated, “I hereby tender my resignation from the services of Kotak Mahindra Bank for pursuing other opportunities in Financial Services, that I am exploring. Consequently, I would also step down from the Board of the Bank.”
The Bank has uploaded this information on its website for the stakeholders’ reference, in accordance with the listing regulations.
As Kotak Mahindra Bank Limited adjusts to this change in its Directorate, stakeholders will be keenly observing any subsequent developments and the appointment of a successor to fill KVS Manian’s role.
Read more: Uday Kotak loses $1.3 billion after RBI’s Kotak Mahindra Bank order
Discover the pivotal moments that shaped India’s electoral journey on the Eras section of our exclusive Elections product. Access all content absolutely free on the HT App. Download now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
