Billionaire Uday Kotak's son, Jay, isn’t in the running to lead Kotak Mahindra Bank, said KVS Manian, the firm's Whole-Time Director, during an interview. He added, "Jay is still young. He will have to work his way up on merit." Kotak has been the bank's CEO for over 18 years now and his current tenure will end in December 2023.