Kotak Mahindra Bank Appoints Ketaki Bhagwati As An Independent Director 

Kotak Mahindra Bank has announced the appointment of Ketaki Bhagwati as an Independent Director on the Bank’s Board for a period of four years, effective May 18, 2024, subject to the approval of the members of the Bank.

Bhagwati currently serves as an Independent Director and Senior Advisor, providing leadership in strategy, business development, operations, governance, financial, credit and risk management. She is an Independent Director on the Board of Bayer CropScience (India) and has previously served on the Boards of Axis Bank, Omniactive Health Technologies and as a Nominee Director of IFC on the Board of Tikona Infinet.

Before her board roles, Bhagwati was the Chief Investment Officer (CIO) in the Financial Institutions Group at the International Finance Corporation (IFC), where she worked for nearly twenty-five years, specialising in private equity, mergers & acquisitions, debt & structured finance and distressed asset workouts across Asia, the Middle East, and Africa. She began her career at Credit Rating Information Services of India (CRISIL) in Mumbai.

Bhagwati is a member of the Investment Committee at Encourage Capital, a US-based impact fund focused on investments in India. She is also a Senior Advisor to the South Asia Center at the Atlantic Council (USA), focusing on major economic policy issues in India and supports women leaders in business as a member of the Wellesley College Business Leadership Council.

Bhagwati holds a Master of Public Administration in Economic Development & Finance from Harvard University’s John F. Kennedy School of Government and a Bachelor of Arts in Political Science from Wellesley College.