Kotak Mahindra Bank announced that the Reserve Bank of India gave its approval to the appointment of Ashok Vaswani as the Managing Director and Chief Executive Officer of the bank.

• The appointment which is subject to shareholders approval will be for a period of three years from the date of taking charge which shall not be later than January 1, 2024, the bank said. 
• Ashok Vaswani has wide experience as a banker and has previously served as the Chief Executive Officer of Barclays Bank, UK, and subsequently CEO of their Global Consumer, Private, Corporate, and Payments businesses and Member of the Group Executive Committee.
• As per the release from Kotak Mahindra Bank, Ashok Vaswani was CEO at Citigroup Asia Pacific and a Member of the Citigroup Global Operating and Management Committees.
• He also built and ran various country and regional businesses across geographies.