🟢 At a Glance:
Kotak Mahindra Bank just dropped a big one: Shanti Ekambaram, the face behind many of Kotak’s bold moves, will retire on October 31, 2025. Taking her place is Paritosh Kashyap, a quiet powerhouse in wholesale banking.
This isn’t just an internal shuffle — this is the end of an era and the beginning of a potentially new strategy under the watch of MD & CEO Ashok Vaswani.
👑 Who Is Shanti Ekambaram — And Why Her Retirement Matters?
If Kotak had a Mount Rushmore of leadership, Shanti Ekambaram would be on it.
Tenure: Joined in 1991
Roles Handled:
- Investment Banking
- Capital Markets
- Treasury
- 811 App
- Consumer Banking
Legacy Moves:
- Shaped the Kotak 811 digital push
- Grew the retail & consumer banking arms massively
- Key player in the pre-Vaswani era
- of Kotak strategy
🧠 Edu TL;DR:
She wasn’t just a bank exec — she was one of Kotak’s original brains.
🔁 Who’s Paritosh Kashyap?
Designation (Incoming): Executive Director (Whole-time Director)
Currently: Group President & Head of Wholesale Banking
Kotak Tenure: 30+ years (yes, another lifer)
Key Wins:
- Handled Structured Finance, Real Estate Lending, and DCM
- MD & CEO of KMIL (2016–2019)
- Trusted inner circle member (Group Management Council)
Ashok Vaswani’s quote says it all:
“Paritosh brings deep institutional knowledge, strategic foresight, and a strong customer-first mindset.”
Read: He’s not flashy — but he delivers.
📊 What Does This Mean Strategically?
Under Uday Kotak, the bank was known for conservative growth,
