Kotak Mahindra Bank has secured approval from the Reserve Bank of India (RBI) for the appointment of Ashok Vaswani as the bank’s Managing Director and Chief Executive Officer (MD & CEO). Vaswani, a seasoned banker, will serve for a three-year term, effective no later than January 1, 2024. This announcement follows a series of leadership changes at Kotak Mahindra Bank, triggered by the early exit of founder Uday Kotak due to RBI’s tenure cap. Vaswani, with a background in top roles at Barclays and Citigroup, expressed excitement about leading the bank and contributing to India’s economic growth.
Ashok Vaswani Appointed as Managing Director and CEO of Kotak Mahindra Bank
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