People, Positions and Obituaries · 30 June 2026

Ashok Vaswani to step down as MD & CEO of Kotak Mahindra Bank

Exam-focused facts from the 30 June 2026 current affairs briefing.

Key facts

  • Ashok Vaswani will step down as Managing Director (MD) and Chief Executive Officer (CEO) of Kotak Mahindra Bank on December 31, 2026.
  • Vaswani assumed the role of MD and CEO on January 1, 2024, succeeding the founder Uday Kotak.
  • He was the first external professional chief executive to lead Kotak Mahindra Bank.
  • Kotak Mahindra Bank is the fourth largest private sector lender.
  • Vaswani previously held senior leadership positions at Citigroup and Barclays, where he served as CEO of Barclays UK.

View this story in the full daily briefing

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