Veteran banker Ashok Vaswani assumes charge as Kotak Mahindra Bank's MD, CEO

Ashok Vaswani replaced Dipak Gupta as the managing director and CEO of Kotak Mahindra Bank, succeeding Uday Kotak. The Reserve Bank of India approved Vaswani's appointment for a three-year term. Vaswani, an alumnus of Sydenham College of Commerce and Economics, is a qualified chartered accountant and company secretary. Prior to joining Kotak Mahindra Bank, Vaswani worked with Barclays. Additionally, CS Rajan assumes the role of chairman following the retirement of Prakash Apte, while Eli Leenaars becomes an Independent Director of the Bank.