The Board of Directors of Kotak Mahindra Bank Ltd, at their meeting held today, have approved the re-appointment of Mr. K.V.S. Manian as a Whole-time Director for a period of three years (post the expiry of his current term on October 31, 2022), with effect from November 1, 2022 or from date of regulatory approvals, whichever later.
The board accepted the request of Mr. Gaurang Shah, to not continue as a Whole-time Director and Director of the Bank on expiry of his current term which ends on October 31, 2022 and placed on record its appreciation for the contribution made by Mr. Shah during his tenure as a Whole-time Director of the Bank and approved the appointment of Ms. Shanti Ekambaram as a Whole-time Director, for a period of three years with effect from November 1, 2022 or from date of regulatory approvals, whichever later.
Shares of Kotak Mahindra Bank Limited was last trading in BSE at Rs. 1773.70 as compared to the previous close of Rs. 1788.95. The total number of shares traded during the day was 124607 in over 4842 trades.
The stock hit an intraday high of Rs. 1779.80 and intraday low of 1750.00. The net turnover during the day was Rs. 219417393.00.