Kotak Mahindra Bank is reported to have submitted two internal executives’ names to the Reserve Bank of India (RBI) for approval as potential successors to the bank’s current CEO, Ashok Vaswani. According to sources cited by both outlets, the names submitted are Anup Saha and Paritosh Kashyap, both of whom hold executive director positions.
The reports say the process is at the regulatory approval stage, with the RBI’s consent awaited before any final transition decision is confirmed. Business Line frames the submission as a recommendation of two internal candidates, while NDTV similarly reports that the bank has submitted the two names to the RBI for consideration for the next CEO. Neither report provides details on timing, the nature of the RBI review, or whether Vaswani’s term is nearing an end.
Overall, the outlets broadly agree on who was nominated, the fact that the submission has been made to the RBI, and that approval is pending before the bank can proceed further.
