the Kotak Mahindra Bank to 30% as of now, as he is required to bring it down to 20% as per RBI directions. In August 2019 he was reported to be one of the most highly paid CEOs of any Indian bank with a monthly salary of . He took over as President of the Confederation of Indian Industry (CII) for the year 2020-21. Honours and awards In June 2014, he was named Ernst & Young World Entrepreneur Of The Year. In 2015 he won the 'Business Leader of the Year Award' by Economic Times He was the sole Indian Financier to feature in Money Masters: The Most Powerful People in The Financial World, by Forbes magazine, US (May 2016) India Today magazine ranked him #8th in India's 50 most powerful people of 2017 list. In 2018, he won the USIBC Global Leadership Award Memberships Kotak is a member of the Government of India's High Level Committee on Financing Infrastructure, the Primary Market Advisory Committee of the Securities & Exchange Board of India, Member of the Board of Governors of the National Institute of Securities Markets and ICRIER. He is also Governing Member of the Mahindra United World College of India, and Member of National Council of CII. Kotak is also a member of the strategic board which advises the national law firm, Cyril Amarchand Mangaldas. Personal life He is married to Pallavi Kotak, has two children and lives in Mumbai. References External links Kotak Family Office Indian billionaires 1959 births Living people Jamnalal Bajaj Institute of Management Studies alumni Businesspeople from Mumbai University of Mumbai alumni Gujarati people Kotak Mahindra Bank