Kotak Bank accepts resignation of Manish Kothari as Group President
- Kotak Mahindra Bank accepts resignation of Manish Kothari as Group President
- Effective date set for September 30, 2026, following September 10 submission
- Commercial Bank portfolio integrated into Retail and Institutional segments
- Kothari served 31 years, citing entrepreneurial interests for departure
*this image is generated using AI for illustrative purposes only.
Kotak Mahindra Bank Limited accepted the resignation of Manish Kothari, Group President and Head – Commercial Bank, effective September 30, 2026.
The bank disclosed the change in senior management personnel pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kothari tendered his resignation on September 10, 2026, citing personal reasons and an interest in pursuing an entrepreneurial journey outside the organization.
Transition Plan
The bank has initiated a planned transition for the Commercial Bank portfolio previously handled by Kothari. This portfolio has been integrated into the Retail and Institutional business segments. Kothari noted in his resignation letter that he worked closely with Wholesale Transaction Directors (WTDs) and Business Heads over the last few months to ensure a strong handover.
Career Tenure
Kothari served at Kotak Mahindra Bank for thirty-one years. In his letter to Managing Director and CEO Ashok Vaswani, he described the bank’s evolution from a small non-banking financial company into a leading financial services conglomerate. He expressed gratitude for the trust placed in him to build and lead diverse businesses during his tenure.
The resignation was signed by Avan Doomasia, President and Company Secretary, and made available on the bank’s investor relations website.
Historical Stock Returns for Kotak Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.62% | -1.64% | +6.60% | +7.82% | +6.24% | +14.57% |
How will the integration of the Commercial Bank portfolio into Retail and Institutional segments impact Kotak's short-term operational efficiency and client servicing?
What is the bank's strategy for appointing a successor to lead the Commercial Banking vertical, and will the role be restructured or absorbed permanently?
Could Manish Kothari's departure signal a broader leadership reshuffle or strategic pivot within Kotak Mahindra Bank's senior management team?
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