Asia’s richest banker Uday Kotak to take Rs.1 annual salary

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Asia’s richest banker Uday Kotak, the MD of Kotak Mahindra Bank, has opted to forgo his salary for 2020-21 and will receive a nominal ₹1 in view of the coronavirus pandemic. The lender said its leadership team voluntarily agreed to take a 15% pay cut for the year. Notably, Kotak had personally contributed ₹25 crore to the PM CARES Fund.

Source By Inshorts.com

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