Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to our earlier intimation dated May 31, 2025, we wish to inform you that the Reserve Bank of India (RBI) has, vide its letter dated September 1, 2025 (received at 6:55 p.m. IST), approved the appointment of Mr. Paritosh Kashyap on the Board of the Bank and accordingly, effective today, Mr. Kashyap has become a Whole-time Director (designated as Whole-time Director (Executive Director)) and a Key Managerial Personnel of the Bank. As a result of this appointment, Mr. Kashyap has ceased to be a Senior Management Personnel of the Bank.
KOTAKBANK · price
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The Reserve Bank of India has approved the appointment of Mr. Paritosh Kashyap as a Whole-time Director (Executive Director) on the Board of Kotak Mahindra Bank, effective September 1, 2025. Mr. Kashyap was previously part of the Bank's Senior Management and has now been elevated to the Board, also qualifying as a Key Managerial Personnel. This follows an earlier intimation by the Bank dated May 31, 2025 regarding the proposed appointment. With this appointment, Mr. Kashyap has stepped down from his prior Senior Management Personnel role.
This is a leadership strengthening move with regulatory clearance already in place, which should reassure investors about governance continuity. Internal elevation to the Board may signal the Bank's confidence in its existing talent pipeline, with no expected disruption to operations or strategy.