Kotak Mahindra Bank on Wednesday announced that it has approved Shanti Ekambaram’s appointment as Whole Time Director of the bank. Ekambaram’s appointment is for a period of three years, with effect from November 1, 2022 or from the date of regulatory approvals, whichever is later.
The bank also announced the reappointment of KVS Manian as whole time director for a period of three years w.e.f. November 2022 or from the date of regulatory approvals, whichever is later.
The bank also accepted Gaurang Shah’s request to not continue as the Whole Time Director and Director of the bank. Shah will continue to be Director of Kotak Mahindra Asset Management Company Limited, Kotak Mahindra Life Insurance Company Ltd and Kotak Mahindra General Insurance Company Limited and its other subsidiaries.
The bank has also announced the following appointments, effective immediately. Dipak Gupta, Joint Managing Director of the Bank, has been appointed as Chairman of Kotak Investment Advisors Limited. Gaurang Shah, Whole-time Director of the Bank, has been appointed as Chairman of Kotak General Insurance Company Limited.
Besides these, D Kannan, Group President- Commercial Banking, has been appointed as Chairman of BSS Microfinance Limited.