Kotak Mahindra Bank Appoints Ashok Vaswani As MD & CEO

Vaswani's three-year term will begin from 1 January 2024


Kotak Mahindra Bank, a private sector lender, has appointed Ashok Vaswani as its managing director and CEO for a three-year term, according to a regulatory filing on 17 November.

Vaswani's term will begin on 1 January 2024, subject to approval by the bank's members, according to the statement.

"To take charge of the office with effect from January 1, 2024, i.e., upon Mr. Dipak Gupta’s term as the Managing Director & CEO and a Key Managerial Personnel of the Bank coming to an end on December 31, 2023," the bank said in its statement.

Earlier in October 2023, Uday Kotak, founder of the bank, tweeted, “I am delighted that the RBI has approved our recommendation, Ashok Vaswani, as the next CEO of Kotak Mahindra Bank. Ashok is a world class leader and banker with digital and customer focus. I am proud that we bring a ‘Global Indian’ home to build Kotak and India of tomorrow.”


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