Succession plan a continuous process, bank board to take call at opportune time: Uday Kotak SECTIONS Share Synopsis “The board and the bank are fully committed to long term stakeholder value and the bank as an institution will do whatever it takes to ensure that,” Kotak said. “The commitment to long term institution building is at the core of our values and we will do whatever necessary to maintain that.” Kotak is the bank’s MD for 17 years. The board of Kotak Mahindra Bank is cognisant of succession planning and will take a call at the appropriate time, Asia’s richest banker Uday Kotak said on Monday. Kotak who’s tenure as the chief of Kotak Mahindra Bank would end in December 2023 after RBI capped tenure of private bank CEOs, said the board will ensure and maintain long term stakeholder value.