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The Reserve Bank of India (RBI) has chosen Ashok Vaswani as the new leader of Kotak Mahindra Bank, signaling a clean break from the bank's past. This decision comes after the RBI shot down Uday Kotak's top picks for a successor. Vaswani's appointment is expected to bring about significant changes at the bank. The leadership makeover extends to other private banks in India as well. The RBI's move to select an outsider like Vaswani indicates a desire for Kotak Mahindra Bank to undergo a broader leadership transformation and move away from its founder's influence.
[RECAP] By picking an outsider like Ashok Vaswani, the RBI wants Kotak Mahindra Bank to usher in a larger leadership change and emerge from its founder’s shadow. ✍️ @imFmoharkan https://t.co/qHpJgdA7CM
Uday Kotak is by far India’s smartest banking entrepreneur but when it came to choosing his successor to head Kotak Mahindra Bank, he didn’t get his say. Why did RBI shoot down Uday Kotak’s top picks for a successor? @imFmoharkan reports. https://t.co/tp0Tjqzrx8
The RBI seems to have decided that it is best if the Kotak Mahindra Bank were to make a clean break from the past. Ashok Vaswani’s appointment is set to usher in big changes at the bank. @imFmoharkan reports https://t.co/tOCCXxtuZg
The RBI seems to have decided that it is best if the Kotak Mahindra Bank were to make a clean break from the past. Ashok Vaswani’s appointment is set to usher in big changes at the bank. @imFmoharkan reports.
Why did RBI shoot down Uday Kotak’s top picks for a successor? Read more here: https://t.co/CfvcxzrxSf @imFmoharkan reports https://t.co/fElrEX0tsI
NEW: India’s private banks all have new leaders. Are they future-ready? @menakadoshi writes on the leadership makeover in India Edition (This article is free to read) https://t.co/jjFFraXtZv
NEW: India’s private banks all have new leaders. Are they future-ready? @menakadoshi writes on the leadership makeover in India Edition (This article is free to read) https://t.co/iJgPq3oStQ
NEW: India’s private banks all have new leaders. Are they future-ready? @menakadoshi writes on the leadership makeover in India Edition (This article is free to read) https://t.co/L6lmnjXF6M
Ashok Vaswani was not Uday Kotak’s top pick as a successor to head Kotak Mahindra Bank yet the RBI gave a nod to him. Why? @imFmoharkan reports. https://t.co/xACCbcOncb
With his preferred choices not making the cut, it is a blow to Uday Kotak at the end of his illustrious career. The RBI had reservations about Kotak’s first two choices. Will this have implications for Kotak Mahindra Bank? @imFmoharkan reports https://t.co/nBS1zKJgGL