Prakash Apte to be chairman of Kotak Bank
Kotak Mahindra Bank has appointed Prakash Apte as part-time chairman of the bank for a period up to 31 December 2020. The appointment is subject to regulatory approvals. Apte becomes chairman of the bank after the retirement of incumbent part-time chairman Dr Shankar Acharya, who will step down from his role on 19 July after serving as the director of the Bank since May 2003, and part-time chairman since July 2006. Apte is a non-executive independent director of the bank since March 2011 and independent director on the board of Kotak Mahindra Life Insurance Company. He had been MD of Syngenta
India, a subsidiary of the Syngenta Group, a research-based global agribusiness firm.