Ashok Vaswani will step down as Kotak Mahindra Bank CEO after 31 December, citing personal reasons for not seeking reappointment, the bank announced in a stock exchange filing.

In a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decided to step down on December 31, 2026, opting not to pursue reappointment…

Ashok Vaswani has informed Kotak Mahindra Bank’s board that he does not wish to seek re-appointment as Managing Director & CEO upon completion of his current term on December 31,…