Ashok Vaswani Appointed MD & CEO of Kotak Mahindra Bank

Ashok Vaswani has been approved by the RBI to take over as the managing director and CEO of Kotak Mahindra Bank for a period of three years. He has a proven track record at major banks such as Citigroup and Barclays and is known for his role as a 'digital evangelist' at Barclays. Vaswani's appointment is part of a wide-ranging leadership change at the bank, which also includes the appointment of Anupam Kaura as chief human resources officer. Kaura has extensive experience in leadership roles across Indian and global banking and finance companies. Uday Kotak, the bank's founder director, stepped down as head of the bank on September 1, 2023, resulting in the appointment of Dipak Gupta as interim MD and CEO. The new leadership team at Kotak is focused on building a 'Global Indian' bank with a strong emphasis on digital banking and customer focus.