Quick Summary
Kotak Mahindra Bank made a significant announcement regarding the appointment of its new Managing Director and Chief Executive Officer (MD CEO) following the resignation of the banks veteran founder, Uday Kotak, who had been associated with the institution for 21 years. The Reserve Bank of India (R
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Ashok Vaswani has been appointed as the new Managing Director and Chief Executive Officer (MD & CEO) of Kotak Mahindra Bank.
Yes, the Reserve Bank of India (RBI) has approved the appointment of Ashok Vaswani as the bank's next MD & CEO.
Ashok Vaswani's appointment is for a three-year term, commencing no later than January 1, 2024.
Ashok Vaswani has over three decades of experience, including roles at Citigroup, CEO of Barclays Bank UK, and CEO of Barclays' global consumer, private, corporate, and payments businesses.
Uday Kotak was the veteran founder, Managing Director, and Chief Executive Officer of Kotak Mahindra Bank for 21 years. He has transitioned to a non-executive director role.
Ashok Vaswani holds a Bachelor of Commerce, is a Chartered Accountant (CA) from the Institute of Chartered Accountants of India, a Company Secretary (CS) from the Institute of Company Secretaries of India, and has completed executive education at Stanford University Graduate School of Business.
CAclubindia
