STARTUP LEGAL10 Sept 2026
Kotak Mahindra Bank’s head of commercial banking Manish Kothari quits | Company Business News
Kotak Mahindra Bank's group president and head of commercial banking, Manish Kothari, will leave on 30 September after nearly 30 years. His commercial banking portfolio now sits inside the bank's retail and institutional segments. If your business banks with Kotak, your relationship manager may change. Chief executive Ashok Vaswani also steps down on 31 December, so expect leadership shifts ahead.
Key Statutory Highlights
- Manish Kothari, Kotak Mahindra Bank's group president and head of commercial banking, will step down on 30 September after nearly 30 years with the lender.
- The bank has integrated the commercial banking portfolio he handled into its retail and institutional business segments as part of a planned transition.
- Managing director and chief executive Ashok Vaswani has decided not to seek reappointment when his three-year term ends on 31 December.
Actionable Advice for Taxpayers / Founders:If your business borrows from or banks with Kotak, ask your relationship manager who will handle your account after 30 September, and keep your loan and working capital paperwork ready in case the handover slows things down.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: