Kotak Mahindra Bank Limited announced that the board of directors of the company at its meeting held on January 22, 2013, the resignation of Dr. Sudipto Mundle as a Director of the Bank effective from February 01, 2013 was accepted by the Board. Dr. Mundle resigned in view of the fact that he has been recently appointed as Member of the Fourteenth Finance Commission, Govt. of India.
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