Kotak Mahindra Bank Limited announced a leadership transition on May 31, 2025.
Shanti Ekambaram, Deputy Managing Director, will retire from her role effective October 31, 2025, upon completion of her current term. She has been with the Kotak Group since 1991, playing a pivotal role in shaping its growth and evolution over three decades. She has led several strategic businesses including Investment Banking, Capital Markets, Corporate Banking, Treasury, 811, and Consumer Banking.
Ashok Vaswani, MD & CEO, Kotak Mahindra Bank, expressed deep appreciation for Ms. Ekambaram's contributions, stating her leadership was "marked by entrepreneurial thinking, deep customer insight, bold actions and an unwavering commitment to excellence."
The Bank also announced the appointment of Paritosh Kashyap, currently Group President and Business Head – Wholesale Banking Group, as Whole-time Director (Executive Director) and Key Managerial Personnel, subject to regulatory approvals.
Mr. Kashyap has been with Kotak for over three decades, heading the Wholesale Banking business since 2022. He previously led several key businesses including Structured Finance, Real Estate, and Debt Capital Markets, and served as MD and CEO of KMIL from 2016 to 2019.
Shanti Ekambaram commented, "It has been an extraordinary privilege to serve the Kotak Group for over three decades, across diverse roles and phases of its evolution. I take great pride in having contributed to its growth and in working alongside visionary leaders who upheld integrity, innovation, and long-term value."
Paritosh Kashyap said, "I am honored and humbled to take on this new role and look forward to working with the team to build on our strong foundation and drive our strategy to transform for scale."