Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Change in Director / Key Managerial Personnel / Changes in Senior Management Personnel
Awaiting price reaction for this filing.
Kotak Mahindra Bank announced multiple senior leadership changes at its board meeting on May 31, 2025. Deputy Managing Director Shanti Ekambaram will retire upon completion of her current term on October 31, 2025, after over three decades with the bank. Paritosh Kashyap, currently Group President and Business Head of Wholesale Banking, has been appointed as Additional Director and Whole-time Director (Executive Director) for three years, subject to RBI and other regulatory approvals. Chief Compliance Officer Himanshu Vasa will retire effective July 10, 2025; Anantha Raman R (currently Head of Internal Audit) will replace him as the new CCO, while Ashish Athalye will take over as the new Head of Internal Audit, both effective July 11, 2025. All changes involve internal candidates, suggesting a structured succession plan.
These are orderly, planned succession moves using internal candidates, likely to be viewed positively by investors as a sign of strong bench strength and continuity. The retirement of long-serving DMD Shanti Ekambaram is a notable departure, but the internal appointments should help maintain stability in the bank's leadership and operations.