Tracking Uday Kotak's journey at the helm of Kotak Mahindra Bank

ETMarkets.com|

04 Sep 2023, 04:39 PM IST

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Timeline

Uday Kotak on Saturday resigned as the managing director and chief executive officer of Kotak Mahindra Bank (KMB). According to the report submitted with the exchanges, joint managing director Dipak Gupta will be the chief executive until December 31.

KMB is the fourth-largest bank in India and the third-largest private bank by market cap. The Rs 10,000 KMB in 1985 will be worth around Rs 300 crore today.

As the billionaire resigns here are some of the highlights and a brief history of his 38-year journey. Take a look. (Source: ET NOW)

ETMarkets.com

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1985

In the year 1985, the Kotak Mahindra Bank was started as a NBFC.

ETMarkets.com

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1986

Anand Mahindra and his father Harish Mahindra invested Rs 1 lakh in the lender.

Agencies

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1991

Investment banking division was started in the year 1991.

Getty Images

5/8

2001

The NBFC launched its life insurance business in 2001.

iStock

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2003

In 2003, it became the first NBFC to convert into a commercial bank.

Agencies

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2015

The general insurance business was started in 2015. Also, the Reserve Bank of India (RBI) approved the merger of INV Vyasa Bank with KMB.

Agencies

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2020

In the year 2020, the bank raised Rs 7400 crore via QIP.

Last 20-year performance
Share price CAGR: 27%
Share price absolute return: 11,972%
NII CAGR: 26.6%
Profit: 30%
Current Market cap: Rs 3.5 lakh crore
Last 10-year average ROE: 14%

Getty Images

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Tracking Uday Kotak's journey at the helm of Kotak Mahindra Bank

Timeline

1985

1986

1991

2001

2003

2015

2020

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Tracking Uday Kotak's journey at the helm of Kotak Mahindra Bank

Timeline

1985

1986

​1991​

2001

​2003

2015

2020

To post this comment you must

Fill in your details:

Share this Comment:

1991

2003