Kotak Mahindra Bank Appoints Ramesh Iyer as Independent Director; Ashok Gulati to Retire

• Kotak Mahindra Bank's Board approved key changes on February 17, 2026.
• Dr. Ashok Gulati will retire as Independent Director on March 5, 2026, after completing his term.
• Ramesh Ganesh Iyer appointed as Additional and Independent Director for four years, effective February 17, 2026, pending shareholder approval.
• Iyer brings over four decades of experience with the Mahindra Group, including a pivotal role at MMFSL.
• He previously served as Vice Chairman and MD of MMFSL and President – Financial Services Sector at Mahindra and Mahindra Limited.