New Delhi, Sept. 10 -- Kotak Mahindra Bank's group president and head of commercial banking, Manish Kothari will step down from bank on 30 September, the private sector lender said in an exchange filing on Thursday.

The bank has initiated a planned transition and integrated the commercial banking portfolio handled by Kothari into its retail and institutional business segments, the filing said.

Kothari, who has been with the bank for nearly 30 years and spent more than 15 years on its key leadership team, is leaving to pursue a career outside the bank, possibly an entrepreneurial one.

"This has reference to our conversation a few months back wherein I had discussed with you regarding my interest in pursuing a journey outside of Kotak (p...