Wishing Ms. Shanti Ekambaram new horizons, meaningful opportunities, and great success in their future endeavors!
After a remarkable journey spanning over three decades, Shanti Ekambaram, the Deputy Managing Director and board member of Kotak Mahindra Bank, will be retiring from her role on October 31, 2025. With poise and deep emotion, she addressed her decision to step down through a heartfelt letter to the board, writing, “After deep reflection and with a heart full of gratitude, I wish to formally inform you of my decision to retire from my role…”
Her journey with the Kotak group began in 1991, and she has since become a vital force behind the institution’s rise. From pioneering the setup and scaling of major verticals like investment banking, consumer banking, treasury, and Kotak 811, her leadership has left a lasting legacy. Shanti’s most recent roles included leading the growth of Kotak 811, treasury, and global markets. She had also served as whole-time director between May 2022 and February 2024 and played a major role in consumer banking from 2014 to 2022.
Before her tenure at Kotak, Shanti had a brief stint with the Bank of Nova Scotia in their treasury and corporate banking division. A commerce graduate from Sydenham College, University of Mumbai, her career is a blend of vision, execution, and impact.
In admiration of her contributions, Ashok Vaswani, MD and CEO of Kotak Mahindra Bank, reflected, “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.” Shanti herself echoed the sentiment of a fulfilling journey, stating, “It has been an extraordinary privilege to serve the Kotak Group for over three decades…”
As the bank prepares for this transition, Paritosh Kashyap, Group President and business head of Wholesale Banking, is set to be appointed as the whole-time director and key managerial personnel, pending regulatory approvals. His leadership is expected to take forward the vision that Shanti has helped shape.
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