- Ashok Vaswani’s appointment as MD & CEO of Kotak Mahindra Bank has been approved by RBI.
- His appointment is with effect from the date of taking charge, which shall not be later than January 1, 2024.
- RBI has approved the appointment of Ashok Vaswani for a period of three years.
- Vaswani was Chief Executive Officer of Barclays Bank, UK. Presently, he is the President of Pagaya Technologies Ltd.
Kotak Mahindra Bank
- It is India’s 3rd largest private sector bank by market capitalisation.
- It was founded in 2003. It is headquartered in Mumbai. Uday Kotak is its founder.