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Latest Money & Banking, Financial News Today - news | The HinduBusinessLine

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Ashok Vaswani to step down as Kotak Mahindra’s chief after current term in December 2026
BL Mumbai Bureau · 2026-06-27 · via Latest Money & Banking, Financial News Today - news | The HinduBusinessLine
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 -226.00

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+ 1,033.00

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SENSEX   77,100.47

+ 109.25

NIFTY   24,056.00

+ 34.35

NIFTY   24,056.00

+ 34.35

CRUDEOIL   6,564.00

 -226.00

CRUDEOIL   6,564.00

 -226.00

GOLD   144,160.00

+ 1,033.00

“The Board of the bank has at its meeting held today, respected his decision and has initiated the process for the appointment of a new Managing Director & CEO”

Updated - June 27, 2026 at 04:54 PM.

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, 2026.

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, 2026.

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, 2026.

Vaswani cited “personal reasons” for not seeking re-appointment.

“The Board has, at its meeting held today, respected his decision and has initiated the process for the appointment of a new Managing Director & CEO. The process will be completed within applicable regulatory timelines,” the private sector bank said in a regulatory filing.

Published on June 27, 2026

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