Kotak Mahindra Bank Limited appointed of Ms. Shanti Ekambaram as a Director and a Whole-time Director (subject to the approval of the Reserve Bank of India). Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors had appointed Ms. Shanti Ekambaram as Whole-time Director of the Bank, for a period of three years with effect from November 1, 2022 or the date of receipt of approval from the RBI, whichever is later. At the Thirty-Seventh AGM, subject to the approval of the RBI, the Members of the Bank have approved the appointment of Ms. Ekambaram as a Director and as a Whole-time Director of the Bank with effect from November 1, 2022 or the receipt of the approval of RBI, whichever later.

During the currency of her term, Ms. Ekambaram will be liable to retire by rotation as per the provisions of the Companies Act, 2013. Ms. Shanti Ekambaram, aged 59 years, is B.Com., Chartered Accountant and a Cost and Works Accountant. Ms. Shanti Ekambaram is Group President and oversees Treasury, 811 and other corporate functions like Human Resources, Group Marketing & Corporate Communications, Public Affairs, Vigilance, Financial Inclusion amongst others.

Ms. Ekambaram has been associated with the Kotak Mahindra Group for over 30 years and has been responsible for successfully setting up and running several business units. Prior to her current role, she was Head of Consumer Banking business since April 2014 and focused on growing customer acquisition, cross-selling and digital adoption across physical and digital channels and as an integrated Consumer Banking franchise across asset and liability products. Under her leadership, the Consumer Banking business continued to record amongst the fastest pace of customer acquisition.