Kotak Mahindra Bank names additional director

The board of India-based Kotak Mahindra Bank Ltd. said March 5 that it appointed Ashok Gulati as an additional director.

Gulati was also named an independent director for a five-year term, subject to shareholders' approval.

He currently works at the Indian Council for Research on International Economic Relations as lnfosys chair professor for agriculture. He served as chairman at the Commission for Agricultural Costs and Prices and held positions at the Reserve Bank of India and the National Bank for Agriculture & Rural Development.

The appointment takes effect March 6.