ASHOK VASWANI

Banks were earlier spending between 6%-8% of total operating expenditure on technology, sharply below the global average of 10%-12%.

The lender, backed by billionaire Uday Kotak, has already brought on board more than 500 engineers from scratch over the last two years, according to Milind Nagnur, the bank’s chief technology officer. It has pulled them from firms like Google and A...

Kotak Mahindra Bank's CEO discusses potential impact of RBI restrictions on profitability. The bank prioritizes prudence in credit growth and aims to mitigate the impact while focusing on smart business growth strategies.

"What is evident is that our efforts have fallen short of what the regulator expects. My commitment is to further accelerate our efforts and investments. Winning back the trust and reputation with our customers and regulators is number one priority ...

Federal Bank declined to comment on reports of KVS Manian as MD & CEO candidate, emphasizing their search for the best candidate, internal or external. Manian, a former Kotak Mahindra Bank executive, is speculated for the role. Federal Bank reported...

Kotak Mahindra Bank has reassured customers that all operations are continuing, despite the Reserve Bank of India (RBI) halting new customer sign-ups due to IT system failure. The bank's CEO, Ashok Vaswani, stated that customers can continue accessi...

On Monday, the bank announced the appointment of KVS Manian as joint managing director and Shanti Ekambaram as deputy managing director with effect from March 1, 2024. Both were seen as internal candidates for the CEO position. Before this appointme...

Anupam Kaura has joined Kotak Mahindra Bank as the new chief human resources officer. The appointment of new HR comes after Ashok Vaswani assumed the office as CEO. The lender's whole time director Shanti Ekambaram said Kaura has experience in strat...

Vaswani, a seasoned banker with experience at Barclays and Citigroup, is known for his role as a 'digital evangelist' at Barclays, where he pioneered digital banking, contributing to the bank's recovery after the 2008 financial crisis. As a chartere...

"We think KMB’s new CEO choice also reflects what they are prioritising over the next decade. They have chosen a global professional with best-in-class digital and technology experience rather than an Indian domain banker. At the risk of reading too...

The board of directors at their meeting on Friday appointed Vaswani as a Director and Managing Director and CEO and a Key Managerial Personnel of the bank, for a period of three years with effect from January 1, 2024, Kotak Mahindra Bank said in a r...

Ashok Vaswani has been approved as the Managing Director and CEO of Kotak Mahindra Bank for a three-year term starting from January 1, 2024. The appointment received approval from the Reserve Bank of India in October.

In a rare move for an Indian lender, Kotak went outside its own ranks with the selection of Ashok Vaswani as chief executive officer. Some senior managers were shocked and disappointed, as investment banker K.V.S Manian was seen as the front runner,...

The multi-commodity exchange will also be closed for the morning session but will open for trading in the evening session (5-11:30 p.m.). In the entire calendar year, the markets have 15 annual holidays in 2023, two more than last year.

The multi-commodity exchange will also be closed for the morning session but will open for trading in the evening session (5-11:30 p.m.). In the entire calendar year, the markets have 15 annual holidays in 2023, two more than last year.

The appointment of Ashok Vaswani as the new CEO of Kotak Mahindra Bank brings a period of uncertainty to an end, but another period of uncertainty may lie ahead as external candidates often have trouble adjusting to the culture of the organization. ...

Vaswani's challenges as the CEO of the country's fourth largest bank with a market value of ₹3.51 lakh crore would include ensuring management stability, building scale in commercial banking, maintaining margins while growing the balance sheet, and ...

Vaswani will be the second full-time CEO at Kotak Mahindra Bank that began as a bill-discounting firm in the 1980s and converted into a full-fledged commercial bank early this century. It is among the few institutions that lives up to the name of a ...

In a surprising development, Kotak Mahindra Bank on Saturday announced that Ashok Vaswani, an outsider, will succeed its founder Uday Kotak as the chief executive officer and managing director of the private sector lender. Vaswani is presently the p...