Kotak Mahindra Bank Promotes Paritosh Kashyap to Executive Director; Shanti Ekambaram to Retire
Kotak Mahindra Bank has announced the promotion of Paritosh Kashyap to executive director and the retirement of Shanti Ekambaram, Deputy Managing Director, in 2025. Kashyap has been with the bank for over three decades and has led several key businesses.
Kotak Mahindra BankParitosh KashyapShanti EkambaramBankingFinancial ResultsReal EstateMay 31, 2025
He has led several key businesses, including Structured Finance, Real Estate, and Debt Capital Markets, during his long career with the Group. The bank also announced that Shanti Ekambaram, Deputy Managing Director, will be retiring from her role effective October 31, 2025, upon completion of her current term.
The board expressed its deep appreciation of Ekambaram's contributions to the Kotak Group. Ekambaram has been with the Kotak Group since 1991 and has played a pivotal role in shaping the Group's growth and the evolution of the institution over the past three decades.
Commenting on the transition, Kotak Mahindra Bank MD and CEO Ashok Vaswani said, “Shanti has been a cornerstone of Kotak's journey. Her leadership has been marked by entrepreneurial thinking, deep customer insight, bold actions, and an unwavering commitment to excellence.”
Kotak Mahindra Bank also announced its January to March quarter results on Saturday, May 3. The institutional lender recorded a 14 per cent fall in its net profits to ₹3,552 crore due to the increase in provision for bad loans in the quarter ended March 31, 2025, compared to ₹4,133 crore in the same period a year ago.
Kotak's interest income for the January to March quarter rose 10 per cent to ₹13,529.77 crore, compared year-on-year (YoY) with ₹12,307.06 crore in the same period a year ago. The private bank's provision for bad loans witnessed a 245 per cent increase to ₹909 crore in the fourth quarter, compared to ₹264 crore in the same period a year ago.
Kotak Mahindra Bank's gross non-performing assets (NPAs) increased three basis points to 1.42 per cent, compared to 1.39 per cent in the same period a year ago. However, the net NPAs for the fourth quarter dropped to 0.31 per cent, compared to its previous level of 0.34 per cent in the same period a year ago, marking a three basis point decline.
Kotak Mahindra Bank is one of India's leading private sector banks, known for its robust financial services and customer-centric approach. The bank has consistently focused on innovation and digital transformation to enhance its service offerings and customer experience.
Frequently Asked Questions
Who is Paritosh Kashyap and what is his new role at Kotak Mahindra Bank?
Paritosh Kashyap is a senior executive at Kotak Mahindra Bank who has been promoted to the role of Executive Director (ED). He has been with the bank for over three decades and has led several key businesses including Structured Finance, Real Estate, and Debt Capital Markets.
When will Shanti Ekambaram retire from Kotak Mahindra Bank?
Shanti Ekambaram, currently the Deputy Managing Director at Kotak Mahindra Bank, will retire from her role effective October 31, 2025, upon the completion of her current term.
What were Kotak Mahindra Bank's net profits for the January to March quarter of 2025?
Kotak Mahindra Bank recorded a 14 per cent fall in its net profits to ₹3,552 crore for the January to March quarter of 2025, compared to ₹4,133 crore in the same period a year ago, due to an increase in provision for bad loans.
How did Kotak Mahindra Bank's interest income perform in the January to March quarter of 2025?
Kotak Mahindra Bank's interest income for the January to March quarter of 2025 rose 10 per cent to ₹13,529.77 crore, compared to ₹12,307.06 crore in the same period a year ago.
What is the current gross non-performing assets (NPAs) ratio of Kotak Mahindra Bank?
Kotak Mahindra Bank's gross non-performing assets (NPAs) ratio increased three basis points to 1.42 per cent for the January to March quarter of 2025, compared to 1.39 per cent in the same period a year ago.
Related News Articles
Kolte-Patil Displays Resilience in Q1 FY25 with Impressive Sales and Collections
Kolte-Patil Developers Limited, a leading Pune-based real estate player, has announced strong updates on its real estate operations for the quarter ended 30th June 2024.
Boosting Affordable Housing: Credai Urges Tax Breaks and Incentives for Homebuyers
Credai recommends tax benefits for homebuyers, incentives for affordable housing, and streamlined approvals in the upcoming budget to stimulate the real estate market.
Retaining Indexation Benefits: A Boon for India's Real Estate Market
The Indian government is considering proposals to modify indexation benefits for real estate transactions, aiming to stimulate the market.
Glitch in Aadhaar Verification System Disrupts E-Registrations of Properties in Pune
Technical glitch in Aadhaar verification system affects e-registration of property documents, causing inconvenience to residents and developers in Maharashtra.
PMAY-U 2.0: Affordable Housing Scheme for Urban Poor and Middle-Class Families
The Union Cabinet has approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0, a scheme to provide affordable housing to one crore urban poor and middle-class families.
Kickstarting Your Real Estate Venture in 2024
The real estate industry is witnessing a significant surge in 2024, making it an ideal time to launch your business. With the global property market set to expand from $3.9 trillion in 2023 to $4.12 trillion by the end of 2024, entrepreneurial opportuniti