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India’s Kotak Mahindra Bank Taps Outsider As New CEO To Replace Its Billionaire Founder Uday Kotak

https://www.forbes.com/sites/gloriaharaito/2023/10/22/indias-kotak-mahindra-bank-taps-outsider-as-new-ceo-to-replace-its-billionaire-founder-uday-kotak/
In what is being seen as a surprising choice, Kotak Mahindra Bank, one of India’s largest lenders, announced that Ashok Vaswani , a former Barclays Bank and ex-Citigroup executive, will be its new managing director and CEO. The Reserve Bank of India (RBI) approved the appointment on Friday, choosing Vaswani from the two names submitted