Ritesh Shah

Executive Vice President - Legal @Kotak Mahindra Bank

As Executive Vice President and Legal Head of Resolutions & Recovery at Kotak Mahindra Bank, I lead the legal strategy and execution for managing and resolving non-performing assets (NPAs) across India.At this role, I am responsible for leading financial services institution, and maximizing asset recovery while minimizing legal and financial risks. I have successfully manage a PAN India legal team, monitor recovery and resolution of the NPA portfolio along with optimizing legal strategies.Achievements -Directed legal actions under SARFAESI Act, RDDBI Act, and IBC to facilitate effective NPA resolution.Negotiated settlements and restructuring agreements with borrowers, achieving favourable outcomes.Advised cross-functional teams on legal and compliance matters, ensuring alignment with profitability and risk management objectives.Conducted legal due diligence for acquisition/assignment of NPA account pools from other Banks and FIs ensuring strategic investment decision.