Kotak Mahindra Bank - Change in Directorate

Kotak Mahindra Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on October 27, 2009, inter alia, has approved the appointment of Dr. Sudipto Mundle as an Additional Director on the Board of Directors of the Bank.


The Board also took note of the resignation of Mr. Shishir Bajaj as a Director of the Bank. He is resigning from the Board in view of the fact that the Bajaj group is in the process of registering one of its companies, in which Mr. Bajaj is a substantial shareholder and Director, as a non banking financial company with the Reserve Bank of India.