{
  "id": 4666232,
  "title": "'Kotak Bank recommends 2 insiders for CEO job'",
  "url": "https://urgent.news/2026/08/31/kotak-bank-recommends-2-insiders-for-ceo-job",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T11:57:26.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/banking/finance/banking/kotak-mahindra-bank-recommends-two-internal-candidates-for-ceo-sources-say/articleshow/133652243.cms"
  },
  "original_language": "en",
  "account": "MUMBAI - Kotak Mahindra Bank has recommended executive directors Anup Saha and Paritosh Kashyap as potential candidates to replace CEO Ashok Vaswani upon his departure next year, according to sources familiar with the matter. The recommendations were submitted to the Reserve Bank of India for approval, marking the first step in selecting Vaswani's successor. Vaswani, who has led the bank since January 2024, announced he would not seek reappointment due to personal reasons, citing the need for fresh leadership. The bank, India's fourth-largest private lender, aims to become the country's third-largest private lender by after-tax profit under Vaswani's guidance. Banks in India must recommend at least two potential CEOs; the regulator will either approve one or seek alternatives if deemed unsuitable. The identity of Kotak Mahindra Bank's preferred candidate remains undisclosed. The bank did not respond to media inquiries, and Vaswani, a former Barclays and Citigroup executive, declined to comment. Saha, who joined the bank in January, oversees the retail banking division, while Kashyap, a long-serving Kotak employee, manages the wholesale banking operations. The bank's shares have risen 5% over the past five trading sessions.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Kotak Mahindra Bank recommends two internal candidates for CEO, sources say",
        "url": "https://urgent.news/2026/08/31/kotak-mahindra-bank-recommends-two-internal-candidates-for-ceo",
        "published": "2026-08-31T12:51:59.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}