Kotak Mahindra Bank has announced that its Managing Director & CEO, Ashok Vaswani, will step down at the end of 2026, marking the conclusion of his leadership tenure. During his time at the helm, Vaswani focused on accelerating the bank's digital transformation, strengthening customer-centric banking services, and driving long-term strategic growth. The bank is expected to initiate the succession process in line with regulatory guidelines to ensure a smooth leadership transition.