Uday Kotak, founder Kotak Mahindra Bank, hardest hit by RBI's plan to cap CEO tenure2 min read . Updated: 12 Jun 2020, 04:01 PM IST
- The RBI has proposed a 10-year limit on bank founders remaining in the roles of CEO or full-time director
- The restricted tenure will ensure 'separation of ownership from management but also reinforce a culture of professional management
Billionaire Uday Kotak’s role as head of the bank he founded may be curtailed by new proposals to limit the tenure of chief executive officers of Indian lenders.
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