Ashok Vaswani, CEO of Kotak Mahindra Bank, one of India's largest financial institutions, has announced he will step down for personal reasons. This was reported by Qazaqyia.kz citing Reuters.
Vaswani's departure comes as a surprise to the bank, as he had led the company for several years. His successor has not yet been named. The bank's board has initiated the process of finding a new CEO.