Business · India Bureau
Kotak Mahindra Bank names new CFO as Gandotra steps down
Siddarth Gandotra will step down as Chief Financial Officer of Kotak Mahindra Bank effective August 31, with Hiren Vora taking over the role from September 1.
LSN India ·
Kotak Mahindra Bank announced a leadership transition in its finance division on Tuesday, with veteran CFO Siddarth Gandotra stepping down after his tenure at the private sector lender. The transition will take effect from the close of business on August 31, clearing the way for Hiren Vora to assume the role of Chief Financial Officer from September 1 onwards.
Gandotra's departure marks a significant change in the bank's senior management ranks. The outgoing CFO has been instrumental in steering the bank's financial operations during a period of substantial growth in the Indian banking sector.
Vora's appointment comes as Kotak Mahindra Bank continues to strengthen its leadership team amid evolving market conditions and regulatory requirements. The bank, which serves both retail and institutional customers across India, has maintained its position as one of the country's leading private sector financial institutions.
The leadership change reflects the bank's ongoing efforts to ensure continuity in its financial management and strategic planning. No additional details regarding the reasons for Gandotra's departure or Vora's background were immediately disclosed by the bank.