"We think KMBs new CEO choice also reflects what they are prioritising over the next decade. They have chosen a global professional with best-in-class digital and technology experience rather than an Indian domain banker. At the risk of reading too much into it, we hypothesise that it is a statement of intent from the bank in terms of where it thinks the key competitive battleground of the future will be."
Ashok Vaswani has been approved as the Managing Director and CEO of Kotak Mahindra Bank for a three-year term starting from January 1, 2024. The appointment received approval from the Reserve Bank of India in October.