Media Release
Awaiting price reaction for this filing.
Kotak Mahindra Bank announced that Shanti Ekambaram, Deputy Managing Director, will retire from her role effective October 31, 2025, upon completion of her current term. She has been with the Kotak Group since 1991, leading key businesses including Investment Banking, Capital Markets, Corporate Banking, Treasury, 811, and Consumer Banking. The Bank also announced that Paritosh Kashyap, currently Group President and Business Head – Wholesale Banking Group, will be appointed as Whole-time Director (Executive Director) and Key Managerial Personnel, subject to regulatory approvals. Paritosh has over three decades of experience at Kotak and has been heading the Wholesale Banking business since 2022.
This is a planned, orderly succession at one of India's top private banks. Since the retirement is at the end of the current term and the successor is a long-tenured internal candidate, the transition is likely to be viewed as continuity-positive by the market, with minimal disruption to strategy or operations.