Prakash Apte to be chair­man of Ko­tak Bank

Banking Frontiers - - People Track -

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.

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