Help Center
Locate us
Governance
Experience the all-new Kotak Netbanking
Simpler, smarter & more intuitive than ever before
Popular Products
Show More
Quick Help
Show More
Frequently Asked Questions
Show More
For Kotak Bank Customers
For Kotak811 Customers
Experience the all-new Kotak Netbanking Lite
Simpler, smarter & more intuitive than ever before. Now accessible on your mobile phone!
Non-Executive Independent Part-time Chairman
Mr. C S Rajan, a Post Graduate in History, is an accomplished leader with 46 years of experience in public life. He was appointed as an Independent Director on the Board of the Bank, with effect from 22nd October, 2022 and as Chairman, with effect from 1st January, 2024.
An IAS officer of the 1978 batch, Mr. Rajan retired as the Chief Secretary of the Government of Rajasthan in 2016. He served in leadership roles for 12 years in key Infrastructure sectors, such as, Energy, Highways, Water Resources and Industry, including SSI/MSME and enjoyed a long stint of 14 years in Agriculture and Rural Development. During his years as an IAS officer, he has also been exposed to the fields of Human Resources, Finance and General Administration. He has served on inter-disciplinary teams for review of World Bank Agriculture projects in other States and as a Consultant to the World Bank in a Study on ‘Farmer Participation in Agricultural Research and Extension System’ which was later published as a book co-authored by him.
After his retirement from active service in July 2016, Mr. Rajan served as Deputy Chairman in the Chief Minister of Rajasthan’s Advisory Council for a period of two and half years. In October 2018, Mr. Rajan was appointed by the Government of India on the Board of Infrastructure Leasing and Financial Services Limited ("IL&FS"), initially as Director from October 2018 to April 2019, thereafter as Managing Director from April 2019 to April 2022, then as Chairman & Managing Director from April 2022 to October 2022 and, since then, he served as the Non-Executive Chairman of IL&FS until his cessation from the directorship of IL & FS in September 2024.
Mr. Rajan is also a Director (Independent) on the Board of Kotak Mahindra Life Insurance Company Limited, a wholly-owned subsidiary of the Bank.
Managing Director & CEO
Mr. Ashok Vaswani has a proven track record spanning three and a half decades, initially at Citigroup and, thereafter, at Barclays, of building and growing global businesses at scale, nurturing winning teams, establishing transformational partnerships, leveraging forward leaning technology, with a compelling business vision to deliver strong bottom-line growth. Mr. Vaswani is widely known as the person who led the transformation of Barclays from the analog age to the digital age. This involved a complete technology architecture redesign, hollowing out of the proprietary core banking platform to deliver a high level of resilience; redesign, digitalisation of customer journeys, data lead operations.
He brings with him significant executional experience with high degree of compliance and industrial strength across financial services.Mr. Vaswani supports various philanthropic organisations, including Pratham and Lend-A-Hand.
Non-Executive Director
Mr. Uday Kotak is the Founder and Director of the Bank. He was the Managing Director & CEO of the Bank till September 2023, prior to becoming Non-Executive Director. He has played an important role in the growth of the Kotak Mahindra group over the past 38 years. Under his leadership, the Kotak Mahindra group has emerged as one of India’s leading diversified and integrated financial services conglomerates, providing a range of financial solutions covering banking, asset management, alternate asset management, life and general insurance, stock broking, investment banking, private banking, microcredit and asset reconstruction.
He has played an important role in defining and developing India’s banking & financial sector over three decades. Mr. Kotak leads several key bodies and is currently Co-Chairman of the Indo-UK Financial Partnership (IUKFP) and Chairman of the Insolvency & Bankruptcy Board of India’s advisory committee on Corporate Insolvency and Liquidation. Mr. Kotak is a member of the Global Advisory Board of the Government of Singapore Investment Corporation (GIC). He was earlier a member of the International Advisory Panel of Monetary Authority of Singapore. He was also the President of the Confederation of Indian Industry (CII) from June 2020 until May 2021. From October 2018 to April 2022, Mr. Kotak also served as Non-Executive Chairman of a specially constituted board of Infrastructure Leasing and Financial Services Limited ("IL&FS") (a state-funded non-banking financial company) by the Government of India to steer IL&FS out of a deep crisis, which he served as his national duty. In 2017, a Committee on Corporate Governance constituted by SEBI under the leadership of Mr. Kotak recommended sweeping changes towards more robust and transparent corporate governance.
Independent Director
Mr. Uday Shankar is the former Executive Chairman of Star India and President of Disney, APAC region, where he excelled at creating not just the biggest media enterprise in the region but was also a pioneer of the digital media revolution across the region. He is the visionary creator of some of the world’s most successful digital services such as Hotstar and JioCinema that have become the mobile models for the entire world.
The tech stacks created under his leadership still remain the go-to model for mobile heavy, large scale markets, which are now being adopted by media companies around the world. He is known to have created talent nurseries at a time when the industry was still in its nascent stage in India and the developing world.
Mr. Uday Shankar is a acclaimed entrepreneur, executive, technologist experienced in building scalable web applications, leveraging a wide range of technologies. In the world of consumer digital products and initiatives, over the last three decades, he has been instrumental in introduction of technologies, integrating cloud infrastructure, and content delivery networks to ensure high availability and low latency of millions of users globally and has helped deliver high-quality world class products.
Independent Director
Dr. Ashok Gulati is a M.A. and Ph.D. from the Delhi School of Economics. Currently, he is a Distinguished Professor at the Indian Council for Research on International Economic Relations (ICRIER). Prior to this, he was the Chairperson of the Commission for Agricultural Costs and Prices (CACP), Government of India (2011-2014). He has been an Independent Director on the Central Board of Directors of RBI, National Bank for Agriculture and Rural Development (NABARD) and National Commodity and Derivatives Exchange Limited (NCDEX). He is currently a member of the Eleventh Audit Advisory Board of the Comptroller and Auditor General of India.
Dr. Gulati was a Director at the International Food Policy Research Institute (IFPRI) from 2001 to 2011. He was also a member of the Economic Advisory Council of Prime Minister, Late Shri Atal Bihari Vajpayee. Dr. Gulati has been deeply involved in policy analysis and advice for India. He was also a member of the Committee appointed by the Hon’ble Supreme Court on the Farm Laws. For his contributions to the field, the President of India honoured him with the 'Padma Shri’ award in 2015. Dr. Gulati has 18 books to his credit on Indian and Asian Agriculture, besides numerous research papers in national and international Journals. He has been a prolific writer in leading newspapers in India, with his column “From Plate to Plough” in the Indian Express and Financial Express.
Dr. Gulati is also an Independent Director on the Board of Godrej Agrovet Limited.
Independent Director
Ms. Ashu Suyash is a Chartered Accountant from the Institute of Chartered Accountants of India and completed her Bachelor’s Degree in Commerce from the University of Mumbai. She has over 33 years of experience in the financial services and global information services sector, including as CEO where she led several Indian and Global businesses for over 17 years. She was the Managing Director & CEO at CRISIL Limited (“CRISIL”) till September 2021 and a member of the Operating Committee of S & P Global. She serves on the Advisory Boards and Committees of several institutions such as the Insolvency and Bankruptcy Board of India (IBBI) and National Institute of Securities and Markets (NISM).
Ms. Suyash played a pivotal role in enabling CRISIL regain its ratings leadership position and transform it to become a global analytics company and solutions provider through wide-scale adoption of technology. She led CRISIL’s growth through product innovation and acquisitions in a very challenging environment. Prior to her role as Managing Director & CEO of CRISIL, Ms. Suyash was the CEO of L&T Mutual Fund and the Managing Director and Country Head of Fidelity Mutual Fund. She also had a long and successful career of over 15 years with Citibank where she held several key positions across corporate, consumer and investment banking divisions.
Ms. Suyash has founded Colossa Ventures LLP, an innovative platform aimed at providing capital, capability and confidence building for women entrepreneurs and women-focussed businesses.
Ms. Suyash is also an Independent Director on the Board of Hindustan Unilever Limited and Tata Elxsi Limited.
Non-Executive Director
Mr. Amit Desai, B. Com., LL.B., is a lawyer, with several decades of experience.
Mr. Amit Desai is a Board Member of Kotak Mahindra Trustee Company Limited, a wholly-owned subsidiary of the Bank.
Deputy Managing Director
Ms. Shanti Ekambaram is a Commerce Graduate, a Chartered Accountant and a Cost and Works Accountant. She has been associated with the Kotak Mahindra Group for over 30 years and has been responsible for successfully setting up and running several business units. Ms. Ekambaram currently oversees the Treasury, Human Resources, Public Affairs, 811, Corporate Marketing, Consumer Bank Proposition, Vigilance, Internal Audit, Company Secretarial Function and Corporate Social Responsibility and Environmental, Social and Governance functions. The Investment Banking and Institutional Equities businesses is also under the oversight of Ms. Ekambaram. Prior to her current role, she led the Consumer Banking business at the Bank from April 2014 to May 2022. Under her leadership, Bank’s savings accounts base grew at an exemplary pace, probably the fastest in the Indian banking industry. Simultaneously, the focus of the business was on judiciously growing the retail loan book, both secured and unsecured. In addition, the Consumer Banking business drove its digital agenda across customer acquisition, customer adoption of banking, payments and e-commerce transactions, enhancing customer experience and deepening engagement.
Prior to this, Ms. Ekambaram was President - Wholesale and Investment Banking for 11 years until April 2014, where she was responsible for ensuring delivery of comprehensive advisory and financial solutions to leading Indian Corporates, Public Sector Undertakings, Financial Institutions, Multinationals and the Government. She was also Executive Director and CEO of Kotak Mahindra Capital Company Limited earlier and, along with her team, steered the firm to a position of market leadership. She established a franchise recognised for executing innovative deals, including pioneering the first book-built IPO in India, which ushered global standards in the Indian capital markets. Ms. Ekambaram has rich and varied experience across Retail and Wholesale Banking.
Independent Director
Mr. Eli Leenaars has over 35 years of experience in the financial services sector, including institutional & investment banking, asset management, corporate & retail banking and life & general insurance. A respected expert on the future of digital banking, Mr. Leenaars has experience in managing businesses through a wide range of matters including mergers & acquisitions, complex corporate restructurings, strategic initiatives and challenging financial environments.
Mr. Leenaars enjoyed a 24-year career (since 1991) at ING Group N.V., a Dutch multinational banking and financial services company and various of its subsidiaries and held numerous key management positions, including as Chairman of ING Poland (1997-1999), Chairman & CEO of ING Latin America (1999-2002) and Chairman & CEO of ING Central & Eastern Europe (2003-2004). Between 2004 and 2015, Mr. Leenaars was member of ING’s Executive Board with responsibility for ING’s Global Retail & Private Banking operations and Group Technology and Operations. This also included him serving from 2010 until 2015 as CEO of ING Direct N.V., at the time the world’s largest digital bank.
Independent Director
Ms. Ketaki Bhagwati serves as an Independent Director and Senior Advisor, providing leadership to companies in strategy, business development, operations, governance and financial, credit and risk management. She is currently an Independent Director on the Board of Bayer CropScience Limited. Prior to her board roles, Ms. Bhagwati held the position of Chief Investment Officer in the Financial Institutions Group at the International Finance Corporation (IFC), where she worked from 1991 to 2005, specializing in private equity, mergers & acquisitions, debt & structured finance and distressed asset workouts across various sectors in Asia, the Middle East and Africa. Before joining IFC, she worked at Credit Rating Information Services of India (CRISIL) in Mumbai.
Ms. Bhagwati is a member of the Investment Committee at Encourage Capital, a US-based impact fund focused on investments in India. She is also a Senior Advisor to the Board of KPMG India Private Limited and to the South Asia Center, Atlantic Council (USA), focusing on major economic policy issues in India. She is also a member of the Wellesley College Business Leadership Council.
Previously, Ms. Bhagwati also served as an Independent Director on the Board of Axis Bank Limited and Omniactive Health Technologies Private Limited and as a Nominee Director of IFC on the Board of Tikona Infinet Private Limited.
Ms. Bhagwati has completed Master of Public Administration in Economic Development & Finance from Harvard University’s John F. Kennedy School of Government and Bachelor of Arts in Political Science from Wellesley College.
Executive Director - Whole-time Director
Mr. Jaideep Hansraj, a Commerce graduate, joined Kotak Mahindra Group in July 1993. He started his career as the Head of the East region of Kotak Securities Limited (“KSL”), a subsidiary of Kotak Mahindra Finance Limited, now Kotak Mahindra Bank Limited. In a short span of four years, he was elevated as the Chief Executive Officer of Kotak Mahindra International Limited, another subsidiary of Kotak Mahindra Finance Limited, in Dubai.
In October 1999, he took over as the Head of KSL's Private Client function. He moved from KSL to build the Kotak Private Banking portfolio of the Bank in 2004. In the Bank, Mr. Hansraj went on to head the Bank's Private Banking and Priority Banking from 2014. He also headed the Non-Residential (NR) business of the Bank in addition to Private Banking and Priority Banking prior to moving for the next role. Under his leadership, Private Banking has emerged as a leader in India and has won several accolades and recognition across the industry, including being ranked No.1 in the Asian Private Banker's India 2017 AUM League Table.
_committee.svg){kind=spacer}
