Kotak Mahindra Bank appoints Ashok Vaswani as MD and CEO

Kotak Mahindra Bank appoints Ashok Vaswani as MD and CEO

Ashok Vaswani has assumed the role of Managing Director and CEO for Kotak Mahindra Bank.

Before this appointment, Vaswani served as the President of Pagaya, a financial technology company based in the United States.

He took over the position after Dipak Gupta, who served as the interim MD and CEO following the departure of Uday Kotak, the bank’s Founder Director, stepped down as head on September 1, 2023.

In October 2023, Uday Kotak, the Founder of Kotak Mahindra Bank, announced on X that, “I am delighted that the RBI has approved our recommendation, Ashok Vaswani, as the next CEO of Kotak Mahindra Bank. Ashok is a world-class leader and banker with a focus on digital and customer-centricity. I am proud that we bring a ‘Global Indian’ home to build Kotak and India of tomorrow.

With over three and a half decades of experience, Vaswani specializes in retail strategy building, financial services, business analysis, commercial banking, and credit risk, among other areas.

He holds a bachelor’s degree in commerce, economics, and accountancy from the Sydenham College of Commerce and Economics, Bombay University. Vaswani is a Chartered Accountant certified by the Institute of Chartered Accountants of India and a company secretary accredited by the Institute of Company Secretaries of India.

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