Kotak Mahindra Bank Limited has announced the appointment of Ms. Ketaki Bhagwati as an Independent Director on its Board, effective May 18, 2024, for a four-year term pending approval from the Bank’s members.Mr. C S Rajan, Independent Director and Part-time Chairman of Kotak Mahindra Bank, expressed his enthusiasm about the new appointment: “We are elated to welcome Ms. Ketaki Bhagwati to the Bank’s Board of Directors. Her extensive experience in the banking and financial services industry will help the Bank achieve its growth objectives in the coming months and years.
The Board looks forward to working together with Ms. Bhagwati and benefiting from her guidance in key business segments.” Ms. Bhagwati brings over three decades of expertise to the role, currently serving as an Independent Director and Senior Advisor with a focus on strategy, business development, and risk management. Her distinguished career includes roles on the Boards of Bayer CropScience (India) Ltd, Axis Bank Limited, and Omniactive Health Technologies Pvt. Ltd, among others.
Her extensive tenure at the International Finance Corporation (IFC) as Chief Investment Officer saw her specialize in private equity, mergers & acquisitions, and structured finance across multiple regions. Additionally, Ms. Bhagwati is actively involved with the Atlantic Council and Encourage Capital. Ms. Bhagwati holds a Master of Public Administration in Economic Development & Finance from Harvard University and a Bachelor of Arts in Political Science from Wellesley College. She remarked, “I am honoured to join the Board of Kotak Mahindra Bank, a leader in India’s banking sector. I look forward to contributing to the Bank’s strategic vision and working with the distinguished members of the Board to drive sustainable growth and innovation.”
