New Delhi, July 11 -- Kotak Mahindra Bank Ltd has identified four priority segments-affluent customers, mass-market retail, small and medium enterprises, and institutional business-where it believes it has a "clear right to win" and can grow faster than the market, managing director and chief executive Ashok Vaswani said in his annual letter to shareholders.

This could well be his last annual letter to shareholders as the chief executive. Mint had reported on 27 June that Kotak is set for a leadership change, with Vaswani looking to depart, not wishing to seek reappointment when his term ends on 31 December 2026.

"We have picked four focus segments where we believe we have a clear right to win, given the natural advantages of our model,...