- Ashok Vaswani has been selected as the new Chief Executive Officer (CEO) and Managing Director (MD) of Kotak Mahindra Bank.
- He will replace the bank’s founder Uday Kotak.
- Ashok Vaswani is currently the Chairman of US-Israel fintech firm Pagaya Technologies.
- Kotak Mahindra Bank is a private service sector bank operating in India.
- With effect from 1 April 2015, ING Vysya Bank merged with Kotak Mahindra Bank.
