Kotak Mahindra Bank's Founder Uday Kotak and his family bought residential property worth ₹202 crore at a three-floor development in Mumbai's Worli Sea Face area. The 12 properties that formed the transaction are located in the Shiv Sagar residential property, Moneycontrol reported. Uday Kotak was the bank's CEO till September 2023 and currently serves as a non-executive director.