Kotak Mahindra Bank Limited announced its approval for the appointment of Ms. Shanti Ekambaram as a Whole-time Director of the Bank. This approval is for a period of three years and will come into effect from November 1, 2022. Ms. Shanti Ekambaram, aged 60 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 and savings account growth at an exemplary pace in the Indian banking industry. Prior to this, Ms. Ekambaram was President - Corporate & Investment Banking for 11 years till April 2014. She was also Executive Director and CEO of Kotak Mahindra Capital Company Limited.

Before joining Kotak Mahindra Group, Ms. Ekambaram had a short stint with Bank of Nova Scotia - the Canadian International Bank, with their corporate banking and treasury division. Ms. Ekambaram is on the Board of Indian Institute of Management - Bangalore (IIM-B). She was a member of the FICCI National Committee on Banking for financial year 2021-22.