Kothari serves as Group President and heads Kotak’s commercial banking business. His resignation marks a senior leadership change at the bank, although his departure is scheduled for a later date rather than taking effect immediately. The report identifies September 30, 2026, as his exit date.

Kotak has begun a planned transition for the business under his charge. As part of that process, Kothari’s commercial banking portfolio will be brought within the bank’s retail and institutional business segments. The change therefore involves both a leadership handover and a reorganisation of where the portfolio sits within the bank.

Kothari plans to explore an entrepreneurial venture after his long tenure at Kotak. However, the supplied report does not provide details about the proposed venture, its business area or when it might begin. It also does not name a successor or explain how responsibilities will be divided between the two business segments.