Kotak Mahindra Bank announced that the Reserve Bank of India (RBI) has approved the appointment of Ashok Vaswani as the Bank’s next Managing Director and Chief Executive Officer (MD & CEO). The appointment is subject to shareholders’ approval and will take effect from January 1, 2024.
Vaswani has a three-and-a-half-decade track record of building and growing global businesses at scale, nurturing winning teams, establishing transformational partnerships, and leveraging forward-leaning technology. He has a compelling business vision to deliver strong bottom-line growth and brings significant experience with a high degree of compliance and industrial strength across Corporate and Consumer businesses. Prakash Apte, Chairman of Kotak Mahindra Bank, expressed confidence that Vaswani will accelerate change and drive the growth at the bank.
