Kotak Mahindra Bank has announced the appointment of Ketaki Bhagwati as an Independent Director on the Bank’s Board for four years, effective May 18, 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) Ltd and has previously served on the Boards of Axis Bank Limited, Omniactive Health Technologies Pvt. Ltd, and as a Nominee Director of IFC on the Board of Tikona Infinet Pvt. Ltd.

Before her board roles, Bhagwati was the Chief Investment Officer 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.

Announcing the appointment, C S Rajan, Independent Director and Part-time Chairman, Kotak Mahindra Bank, commented, “Ketaki Bhagwati’s extensive experience of over three decades in the banking and financial services industry will help the Bank achieve its growth objectives in the coming months and years.”