Kotak CEO Vaswani to step down; succession candidates sent to RBI
Kotak Mahindra Bank said CEO Ashok Vaswani will not seek reappointment when his term ends Dec. 31, 2026. The bank is advancing succession by submitting CEO candidates to the RBI while consolidating its standalone commercial unit into retail and institutional arms.
Kotak Mahindra Bank Limited (NSE:KOTAKBANK) said CEO Ashok Vaswani will not seek reappointment when his term ends Dec. 31, 2026, as the bank advances a formal succession process and submits CEO candidates to the RBI. The bank is also consolidating its standalone commercial unit into its retail and institutional businesses.