Kotak Mahindra Bank intends to be the third-largest private lender in India in terms of consolidated net profit and return on equity, its managing director and chief executive officer Ashok Vaswani told Economic Times (ET).

Kotak Mahindra Bank’s MD & CEO, Ashok Vaswani, stated that the bank is making significant strides in addressing the RBI’s concerns over its digital infrastructure. He highlighted ongoing efforts and regular updates to the regulator.

Stating that resolving the issue around digital onboarding of customers through the bank’s mobile app is not just about satisfying the RBI, but about building the backbone to take the bank to the next level,

Kotak Mahindra Bank (KMB) is the fourth largest private bank in India. Over the years, it has been a good all-round performer in all three key aspects – balance sheet growth, asset quality and margins.

From our exclusive conversation with Kotak Mahindra Bank CEO Ashok Vaswani to updates from the third and final phase of Jammu and Kashmir Assembly Elections  — Here are the top 11 news stories across business,

Talking about the relationship with Uday Kotak, the bank's founder and non-executive director, Vaswani said that while he didn't know him previously, Kotak deserved credit for stepping away from something he had built.

Shares of Kotak Mahindra Bank Ltd. 500247 shed 1.23% to 1,914.70 Indian rupees Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the BSE SENSEX Index 1 falling 0.

So the goal at the top of the funnel is to create awareness; the person may not buy your product but he knows you. And when they receive a bottom-of-the-funnel message, they are more likely to trust you. At Kotak, we spend 40% of our budget on TV and the other 60% on digital.

Kotak Mahindra Bank CEO Ashok Vaswani was speaking CNBC-TV18 Managing Editor Shereen Bhan in an exclusive interview.

Kotak Mahindra Bank is heavily investing in technology to meet RBI expectations and enhance competitiveness. CEO Ashok Vaswani aims for the bank to become a top three private sector player by 2030. The bank will look at both organic and inorganic growth opportunities,