Kotak Mahindra Bank has announced the resignation of Mr. Manish Kothari, Group President and Head – Commercial Bank. His resignation is effective from the close of business on September 30, 2026. The bank has initiated a planned transition, integrating Mr. Kothari’s portfolio into existing business segments. This announcement is in compliance with listing regulations.
Key Personnel Change at Kotak Mahindra Bank
Kotak Mahindra Bank Limited has formally notified the stock exchanges regarding a significant change in its senior management. Mr. Manish Kothari, who holds the position of Group President and Head – Commercial Bank, has tendered his resignation from the services of the bank.
Effective Date and Transition Plan
The resignation of Mr. Kothari will be effective from the close of business on September 30, 2026. The bank has confirmed that a planned transition process has been initiated. The Commercial Bank portfolio, previously managed by Mr. Kothari, is being integrated into the bank’s Retail and Institutional business segments. This move is intended to ensure continuity and smooth operational flow.
Letter of Resignation
A copy of the resignation letter, dated September 10, 2026, from Mr. Manish Kothari to Mr. Ashok Vaswani, MD & CEO of Kotak Mahindra Bank, has been enclosed. In his letter, Mr. Kothari expresses his desire to pursue a new journey outside of Kotak, possibly an entrepreneurial one, after his long tenure of thirty-one years with the organization. He conveyed his gratitude for the opportunities and experiences gained during his service.
Source: BSE
