Kotak Bank appoints Ashu Suyash as independent director for 5 years

The Board of Directors of Kotak Mahindra Bank Limited in its meeting held today approved the appointment of Ashu Suyash as an Independent Director for a period of five years. Sayyush’s term will start from January 24, 2022, till January 23, 2027.

Kotak Bank said in a statement to the stock exchanges today that Sayyush was appointed following the recommendation of its Nomination and Remuneration Committee. Ashu Suyash has over 33 years of experience in the Indian Financial Services and Global Information Services sector.

The bank said he led Indian and multi-national businesses as CEO, founded companies, managed and developed complex regulated businesses, and transformed and transformed.

He is in the process of setting up an innovative platform for adventurous and enthusiastic entrepreneurs and is an independent director on the board of Hindustan Unilever Limited, the statement said.

Read also: Indian banks need to wake up to payments, says Uday Kotak

Previously, she was the MD & CEO of CRISIL Limited and a member of its Risk Management, Stakeholder Relations and Corporate Social Responsibility committees.

She brings a sharp insight into strategy, execution, finance, stakeholder management, risk and regulatory affairs, and key global teams, the statement said.

Read also: LIC gets RBI nod to increase stake in KMB to 9.9%

Suyash also serves on the Advisory Committee on Corporate Insolvency and Liquidation of the Insolvency and Bankruptcy Board of India, and is an active member of several trade associations, has keen interest in the education sector and serves on committees at NMIMS and NM College, NISM does. Advisory Board of Chartered Institute for Securities and Investments and Asima Charitable Trust.

Over the years, Suyash has received several awards and has been recognized as one of the top 50 women in business in India and Asia.

Read also: Kotak Mahindra Bank partners with Worldline to enable EMI on its debit cards

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