Ashok Vaswani seen adding ‘Glocal’ spin to Kotak Mahindra Bank’s tech-banking play
RBI approved appointment of Ashok Vaswani as Kotak Mahindra Bank's next MD and CEO; image courtesy of Barclays UK.
Synopsis
Ashok Vaswani will step into the larger-than-life shoes of Uday Kotak in Kotak Mahindra Bank, a legacy institution which has embraced technological prowess without any resistance. The succession saga overhang at the bank is over, but execution under the new CEO will remain a key monitorable for industry experts.
Apart from being bankers thinking ahead of time in embracing technology, Uday Kotak and his successor Ashok Vaswani at Kotak Mahindra Bank, India’s fourth largest bank by market cap, share another interesting commonality: cricket. No, not just the love of the game which every other Indian harbours–they were once aspiring cricketers. “You could never imagine, as a young boy growing up in India, that your career will take you to nearly every
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