{"id":27583,"date":"2026-06-27T21:00:48","date_gmt":"2026-06-27T15:30:48","guid":{"rendered":"https:\/\/banitoday.com\/kotak-mahindra-bank-ceo-ashok-vaswani-to-exit-after-term-ends-in-december-2026\/"},"modified":"2026-06-27T21:00:48","modified_gmt":"2026-06-27T15:30:48","slug":"kotak-mahindra-bank-ceo-ashok-vaswani-to-exit-after-term-ends-in-december-2026","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/kotak-mahindra-bank-ceo-ashok-vaswani-to-exit-after-term-ends-in-december-2026\/","title":{"rendered":"Kotak Mahindra Bank CEO Ashok Vaswani to exit after term ends in December 2026"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-articlebody=\"1\"><video-embed value=\"false\"\/><\/p>\n<div class=\"ihgno clearfix  \">\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-132034749,imgsize-1178862,width-400,height-225,resizemode-4\/representative-image.jpg\" alt=\"Kotak Mahindra Bank CEO Ashok Vaswani to exit after term ends in December 2026\" title=\"Kotak Mahindra Bank CEO Ashok Vaswani to step down after term ends; lender begins succession search\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"Kotak Mahindra Bank CEO Ashok Vaswani to step down after term ends; lender begins succession search\">Kotak Mahindra Bank CEO Ashok Vaswani to step down after term ends; lender begins succession search<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Kotak Mahindra Bank on Saturday said its Managing Director and Chief Executive Officer Ashok Vaswani will not seek reappointment after his current term ends on December 31, 2026, citing personal reasons, prompting the private sector lender to begin the process of selecting his successor, Reuters reported.<span class=\"id-r-component br\" data-pos=\"3\"\/>The bank said the succession process has been initiated and will be completed within applicable regulatory timelines.<span class=\"id-r-component br\" data-pos=\"5\"\/>Vaswani, a former Barclays and Citigroup banker, took charge as CEO on January 1, 2024.<span class=\"id-r-component br\" data-pos=\"7\"\/>His departure comes as Kotak Mahindra Bank emerges from a period of regulatory scrutiny and looks to accelerate growth. Earlier this month, Vaswani told Reuters that the bank aims to become India&#8217;s third-largest private lender by after-tax profit.<span class=\"id-r-component br\" data-pos=\"9\"\/>Kotak Mahindra Bank reported a 13% rise in net profit to Rs 4,027 crore in the fourth quarter of 2025-26, driven by stronger lending growth and lower provisions.<span class=\"id-r-component br\" data-pos=\"11\"\/><\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/kotak-mahindra-bank-ceo-ashok-vaswani-to-exit-after-term-ends-in-december-2026\/articleshow\/132034743.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kotak Mahindra Bank CEO Ashok Vaswani to step down after term ends; lender begins succession search Kotak Mahindra Bank on Saturday said its Managing Director and Chief Executive Officer Ashok Vaswani will not seek reappointment after his current term ends on December 31, 2026, citing personal reasons, prompting the private sector lender to begin the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-27583","post","type-post","status-publish","format-standard","has-post-thumbnail"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/27583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/comments?post=27583"}],"version-history":[{"count":0,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/27583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media\/27584"}],"wp:attachment":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media?parent=27583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/categories?post=27583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/tags?post=27583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}