The Kotak Mahindra 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.
FinTech BizNews Service
Mumbai, May 31, 2025: Kotak Mahindra Bank today announced that Shanti Ekambaram, Deputy Managing Director, will be retiring from her role effective October 31, 2025, upon completion of her current term. The Board expressed its deep appreciation of Shanti’s contributions to the Kotak Group.
Shanti has been with the Kotak Group since 1991 and has played a pivotal role in shaping the Group’s growth and evolution of the institution over the past three decades. She has led several of the Group’s most strategic businesses, including Investment Banking, Capital Markets, Corporate Banking, Treasury, 811 and Consumer Banking.
Paritosh Kashyap will be appointed as Whole-time Director (Executive Director) and Key Managerial Personnel, subject to regulatory approvals.
Commenting on the transition, Ashok Vaswani, MD & CEO, Kotak Mahindra Bank, said, "Shanti has been a cornerstone of Kotak’s journey. Her leadership has been marked by entrepreneurial thinking, deep customer insight, bold actions and an unwavering commitment to excellence."
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 brings deep institutional knowledge, strategic foresight, and a strong customer-first mindset. I look forward to working closely with him as we continue to build the Kotak of tomorrow,” Ashok added.
Paritosh has been with Kotak for over three decades and has been heading the Wholesale Banking business since 2022. He has led several key businesses including Structured Finance, Real Estate, and Debt Capital Markets during his long career with the Group. Paritosh was also the MD and CEO of KMIL from 2016 to 2019 and is a member of the Group Management Council.
Shanti Ekambaram commented, “It has been an extraordinary privilege to serve the Kotak Group for over three decades, across diverse roles and phases of its evolution. I take great pride in having contributed to its growth and in working alongside visionary leaders who upheld integrity, innovation, and long-term value. The relationships, experiences, and learnings from this time are deeply meaningful to me. As I prepare to step away, I remain fully committed to supporting a smooth and seamless transition."
Paritosh Kashyap said, “I am honored and humbled to take on this new role and look forward to working with the team to build on our strong foundation and drive our strategy to transform for scale.”
