Kotak Bank names Paritosh Kashyap as ED; Dy MD Ekambaram to retire
Mumbai:
Kotak Mahindra Bank
Saturday announced that
Paritosh Kashyap
, group president and business head of the wholesale banking group, will be appointed as whole-time director, designated as executive director, from November 1.
Kashyap will succeed
Shanti Ekambaram
, the current deputy managing director, who is set to retire on October 31, 2025, upon completion of her term. Kashyap's appointment is subject to approval by the
Reserve Bank of India
(RBI).
A Kotak veteran with more than three decades at the institution, Kashyap has been leading the wholesale banking business since 2022. His extensive experience spans structured finance, real estate, and debt capital markets.
He also served as managing director and CEO of Kotak Mahindra Investments (KMIL) from 2016 to 2019 and is a member of the Group Management Council.
Shanti Ekambaram, who joined the Kotak Group in 1991, has been instrumental in shaping the bank's growth across multiple strategic verticals, including
investment banking
, capital markets, corporate banking, treasury, 811, and consumer banking.
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KVS Manian, joint managing director at Kotak, resigned last April to join Federal bank as CEO after spending 30 years, while Ekambaram has completed nearly 34 years with the Uday Kotak-promoted bank.
Ashok Vaswani
, MD & CEO of Kotak Mahindra Bank, praised Ekambaram's legacy, calling her "a cornerstone of Kotak's journey," and expressed confidence in Kashyap's leadership, citing his "deep institutional knowledge, strategic foresight, and a strong customer-first mindset."
"I am honoured and humbled to take on this new role and look forward to working with the team to build on our strong foundation and drive our strategy to transform for scale," Kashyap said.
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