Kotak Mahindra Bank Limited announced that Mr. Chengalath Jayaram's term as a Non-Executive Director of the Bank has ended on April 30, 2024 on completion of eight continuous years (as a Non-Executive Director) on the Bank's Board, in line with the provisions of the Section 10A (2A) (i) of the Banking Regulation Act, 1949. Consequently, Mr. Jayaram has ceased to be a Director on the Board of the Bank on completion of the aforesaid term.