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Kotak Bank leadership team takes 15% pay cut for the financial year 2020-21

Uday Kotak, managing director and chief executive officer of the bank opted to forgo his salary, and will receive Re 1, the statement said

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The bank had earlier donated Rs 25 crore to the PM CARES Fund and Rs 10 crore to the relief efforts in Maharashtra

BS Reporter Mumbai

1 min read Last Updated : Apr 10 2020 | 2:20 AM IST

Kotak Mahindra Bank’s leadership team has voluntarily opted to take a 15 per cent cut in salary for the financial year 2020-21, the bank said in a statement.

Uday Kotak, managing director and chief executive officer of the bank opted to forgo his salary, and will receive Re 1, the statement said.

“We

Topics : Coronavirus Kotak Mahindra Bank Uday Kotak

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