Kotak Mahindra Bank Announces Vyomesh Kapasi’s Appointment as Head of Consumer Bank Products

Kotak Mahindra Bank, one of India’s foremost private-sector banks, is headquartered in Mumbai. Established in 1985 as Kotak Mahindra Finance Ltd, it transitioned into a full-fledged commercial bank in 2003 upon securing a banking licence from the RBI.

Appointment Of Vyomesh Kapasi 

Kotak Mahindra Bank has appointed Vyomesh Kapasi as the new Head of Products – Consumer Bank, while Shahrukh Todiwala assumes the role of Managing Director & CEO of Kotak Mahindra Prime Limited (KMPL).

Announcing these changes, Ashok Vaswani, MD & CEO of Kotak Mahindra Bank Ltd, remarked, “These appointments underscore Kotak’s formidable leadership pipeline and our unwavering commitment to nurturing top talent.” He further noted, “Vyomesh’s extensive expertise and stellar track record in driving growth and innovation will be instrumental in enhancing our consumer banking offerings.”

More Details 

Vaswani also highlighted Shahrukh’s deep-rooted understanding of the vehicle financing sector, stating, “His vast experience will ensure that KMPL continues to flourish, delivering exceptional value to our clients and stakeholders.” Vyomesh Kapasi, previously MD & CEO of KMPL, brings over three decades of financial sector experience to his new role.

Meanwhile, Shahrukh Todiwala, who takes the helm at KMPL, has been with the organisation since 1995, leading both Wholesale and Retail vehicle finance businesses. His pivotal role in KMPL’s strategic initiatives has solidified his reputation as an industry stalwart.

Q3 FY25 results

reported a stellar performance in Q3 FY25, posting a consolidated net profit of ₹4,701 crore a robust 10% year-on-year increase from ₹4,265 crore. Net Interest Income (NII) surged by 10% YoY to ₹7,196 crore, supported by a strong Net Interest Margin (NIM) of 4.93%. 

Average total deposits expanded by 15% YoY to ₹4,58,614 crore, while customer assets, encompassing advances and credit substitutes, witnessed a 15% YoY rise to ₹4,59,436 crore. The bank maintained strong asset quality, with a gross NPA ratio of 1.51% and a net NPA ratio of 0.44%.

Share Price Performance 

At 09:25 AM today, Kotak Mahindra Bank Ltd shares traded at ₹1,947.80 per share which is 1.15% down on the NSE.

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