Kotak Mahindra Bank Ltd. announced the appointment of Jaideep Hansraj as Group President – One Kotak. This marks a pivotal move towards leveraging the Group’s financial conglomerate model and delivering holistic propositions to customers. Jaideep will spearhead a cultural shift towards driving collaboration to unlock internal synergies across the Bank and its subsidiaries. Shripal Shah, currently President and COO…
Kotak Mahindra Bank Limited (Kotak) announced the appointment of Prasanna Kotian as the new Head – Group Corporate Communication to oversee and drive external and internal communications for the Kotak group of companies. A seasoned communications professional, Prasanna brings with him a wealth of experience of over two decades in leading corporate affairs and strategic…
Kotak Mahindra Bank Limited announced the re-appointment of Uday Shankar as Independent Director on the company’s Board, with effect from March 16, 2024. According to the bank’s exchange filing, “Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform you…
Kotak Mahindra Bank Limited (Kotak) announced the appointment of Anupam Kaura as Chief Human Resources Officer (CHRO) to spearhead organisational transformation, in the journey of ‘accelerating change’ at Kotak. Anupam joins Kotak from CRISIL Ltd, London, UK where as Global Chief Human Resources Officer (CHRO) and overseeing Corporate Administration was responsible for various crucial aspects…
Kotak Mahindra Bank Limited (Kotak) announced that the Reserve Bank of India (RBI) has approved the appointment of C S Rajan, Independent Director of the Bank, as the Part-time Chairman, for a period of two years, effective 1st January 2024. Rajan’s appointment as the next Part-time Chairman of the Bank’s Board follows the retirement of the…
Kotak Mahindra Bank has appointed Ketan Darji as Vice President – Human Resources and Lead – Talent Acquisition, Corporate Functions, according to ETHRWorld report. “I’m happy to share that I’m starting a new position as Vice President HR (Lead Talent Acquisition Corporate Functions) at Kotak Mahindra Bank,” Darji shared in a LinkedIn post. Darji comes…
Kotak Mahindra Bank Limited announced the appointment of Eli Leenaars as an Additional and Independent Director on the Bank’s Board, for a period of four years, effective January 1, 2024. Eli Leenaars is a successful leader with over 35 years of extensive experience in the financial services sector, including institutional & investment banking, asset management,…
Kotak Mahindra Bank Limited announced the appointment of Ashok Vaswani as Managing Director and Chief Executive Officer of the company, with effect from January 1, 2024. According to the company’s exchange filing, “In this regard, we inform you that, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure…
Kotak Mahindra Bank Limited, Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) and Zurich Insurance Company Limited (Zurich) have entered into definitive agreements for a transaction whereby Zurich will invest (approximately) Rs 4,051 crore to acquire a 51% stake in Kotak General Insurance through a combination of fresh growth capital and share purchase. Further,…
Kotak Mahindra Bank announced that Uday Kotak has resigned from the role of Managing Director and Chief Executive Officer of the Bank, with effect from September 1, 2023. According to the bank’s exchange filing, “Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)…
Kotak Mahindra Bank Ltd. announced the joining of Rohit Bhasin as President and Chief Marketing Officer to lead the Bank’s Marketing, Corporate Communication & Media initiatives. A veteran from Unilever, Rohit brings over two decades of experience in building iconic consumer brands in India and several Asian markets, a statement said. Rohit is considered a…
Kotak Mahindra Bank (KMBL) announced that it has executed binding share purchase agreement(s) to acquire 100% of equity shares of Sonata Finance Private Limited (SFPL), a Non-Banking Finance Company, classified as an NBFC-MFI, from existing shareholders, subject to regulatory and other approvals, including from Reserve Bank of India. The acquisition is for an aggregate all-cash…
Kotak Mahindra Bank Ltd. (KMBL) announced the joining of Milind Nagnur as President & Chief Technology Officer (CTO) to spearhead the Bank’s technological transformation. Milind brings with him more than 20 years of global experience in technology leadership roles predominantly in the banking and Fintech space. He has an extensive background in highly regulated financial…
Kotak Mahindra Bank (KMBL) announced that it has acquired the Agri and Healthcare Equipment financing portfolio of De Lage Landen Financial Services India Private Limited (DLL India), a subsidiary of De Lage Landen International B.V., owned by Rabobank. The operations of DLL India Acquired Portfolio will be transitioned to Kotak Mahindra Bank in a planned…
Kotak Mahindra Bank said it has appointed agricultural economist Ashok Gulati as additional independent director on its board, according to PTI report. The term of Gulati, a keen backer of the recent farm laws who has also been appointed by the Supreme Court to a four-member panel, is for five years starting from Saturday, an…