Board Of Kotak Mahindra Bank Appoints Ashok Vaswani As MD And CEO Of Bank

Vaswani, who has worked with Barclays in the recent past, will succeed Uday Kotak, who quit as the MD of the bank effective September 1.

The board of Kotak Mahindra Bank on Friday approved the appointment of Ashok Vaswani as a director, managing director, and CEO of the bank.

Last month, the Reserve Bank of India (RBI) approved the appointment of Vaswani as the bank's MD and CEO for a period of three years.

The board of directors, at their meeting on Friday, appointed Vaswani as a director, managing director, CEO, and key managerial personnel of the bank for a period of three years with effect from January 1, 2024, Kotak Mahindra Bank said in a regulatory filing.