1 day ago
Kotak Bank Recommends Saha, Kashyap as Vaswani Successors
Kotak Mahindra Bank is planning for a new chief executive officer.
The current CEO, Ashok Vaswani, says he will leave when his term ends on December 31, 2026.
He said personal reasons are behind his decision not to seek another term.
The bank has suggested Anup Saha and Paritosh Kashyap as possible replacements.
Both candidates already work as executive directors at the bank.
Saha has experience in consumer banking, marketing and digital innovation.
Kashyap has worked for many years in corporate banking and finance.
The Reserve Bank of India will decide whether to approve one of them or ask the bank to suggest other candidates.
Kotak Mahindra Bank recommended executive directors Anup Saha and Paritosh Kashyap to the Reserve Bank of India as potential CEO successors.
Ashok Vaswani will not seek reappointment when his term ends on December 31, 2026, citing personal reasons.
The RBI may approve one candidate or ask Kotak Mahindra Bank to propose alternatives.
Anup Saha oversees consumer banking, marketing and data analytics and previously held senior roles at Bajaj Finance and ICICI Bank.
Paritosh Kashyap has more than 30 years of experience in capital structuring, financing and securitisation.
- Who
- Kotak Mahindra Bank, executive directors Anup Saha and Paritosh Kashyap, CEO Ashok Vaswani, and the Reserve Bank of India.
- What
- The bank recommended Saha and Kashyap as potential successors to Vaswani as CEO.
- Where
- The succession process involves Kotak Mahindra Bank and the Reserve Bank of India in India.
- When
- The recommendations were reported before Vaswani’s term ends on December 31, 2026.
- Why
- Vaswani will not seek reappointment, citing personal reasons.
Key facts
- Recommended candidates
- Anup Saha and Paritosh Kashyap
- Current CEO
- Ashok Vaswani
- Vaswani’s term ends
- December 31, 2026
- Approval authority
- Reserve Bank of India
- Anup Saha’s current responsibilities
- Consumer banking, marketing and data analytics
- Paritosh Kashyap’s experience
- More than 30 years in capital structuring, financing and securitisation
- Next step
- The RBI will approve a candidate or seek alternatives
Sources
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