Kotak Mahindra Bank Elevates Paritosh Kashyap to Executive Director as Shanti Ekambaram Announces Retirement

Ravi Singh

In a significant leadership transition, Kotak Mahindra Bank has announced the elevation of Paritosh Kashyap to the position of Executive Director, marking a new chapter in the bank’s executive leadership. The appointment is subject to regulatory approvals and reflects the bank’s continued focus on nurturing in-house talent for strategic roles.

Paritosh Kashyap, currently serving as Group President, has been an integral part of the Kotak Group for more than 30 years. A seasoned banker with deep-rooted expertise in wholesale banking, Paritosh Kashyap has been leading this vertical since 2022. Over the decades, he has played a crucial role in building and scaling several key businesses, including Structured Finance, Real Estate, and Debt Capital Markets. His promotion underscores the bank’s confidence in his leadership and vision for future growth.

Simultaneously, the bank announced that Deputy Managing Director Shanti Ekambaram will retire from her position on October 31, 2025, upon the completion of her current term. Ekambaram has been associated with the Kotak Group since 1991 and has been one of its most influential leaders. Her contributions have been pivotal in shaping the strategic direction and sustained growth of the institution over the last three decades.

The bank’s board has expressed deep gratitude for Ekambaram’s long-standing service and unwavering commitment. In a heartfelt statement, Kotak Mahindra Bank MD and CEO Ashok Vaswani 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.”

This transition symbolizes not just a change in leadership but also the legacy of excellence, vision, and dedication that defines Kotak Mahindra Bank. As Paritosh Kashyap prepares to take on his new responsibilities, and Ekambaram moves toward her next chapter, the bank stands poised to continue its legacy of trusted banking and innovation-driven growth.