Kashyap will succeed Shanti Ekambaram, the present deputy managing director, who is ready to retire on October 31, 2025, upon completion of her time period. Kashyap’s appointment is topic to approval by the Reserve Financial institution of India (RBI).
A Kotak veteran with greater than three a long time on the establishment, Kashyap has been main the wholesale banking enterprise since 2022. His intensive expertise spans structured finance, actual property, and debt capital markets.
He additionally served as managing director and CEO of Kotak Mahindra Investments (KMIL) from 2016 to 2019 and is a member of the Group Administration Council.
Shanti Ekambaram, who joined the Kotak Group in 1991, has been instrumental in shaping the financial institution’s progress throughout a number of strategic verticals, together with funding banking, capital markets, company banking, treasury, 811, and client banking.
KVS Manian, joint managing director at Kotak, resigned final April to hitch Federal financial institution as CEO after spending 30 years, whereas Ekambaram has accomplished practically 34 years with the Uday Kotak-promoted financial institution.Ashok Vaswani, MD & CEO of Kotak Mahindra Financial institution, praised Ekambaram’s legacy, calling her “a cornerstone of Kotak’s journey,” and expressed confidence in Kashyap’s management, citing his “deep institutional information, strategic foresight, and a powerful customer-first mindset.””I’m honoured and humbled to tackle this new function and sit up for working with the crew to construct on our robust basis and drive our technique to remodel for scale,” Kashyap mentioned.