KVS Manian Appointed As Kotak Mahindra Bank’s New JMD

"Private lender Kotak Mahindra Bank made some significant leadership changes public on March 1, including naming KVS Manian as JMD (Joint Managing Director). Kotak Mahindra Bank, a private sector lender, recently revealed notable leadership changes that indicate a strategic change inside the company. KVS Manian Has Been Promoted to Co-Managing Director - Kotak Mahindra Bank redesigned KVS Manian, a seasoned executive with almost three decades of experience inside the organization, as the joint managing director with effect from March 1st. Manian has a plethora of experience, having graduated from the esteemed Indian Institutes of Technology (BHU) in Varanasi with degrees in both financial management and electrical engineering. Ekambaram Shanti Deputy Managing Director appointed With more than three decades of experience at Kotak Mahindra Bank, Shanti Ekambaram is a valuable addition to Manian's executive team. Ekambaram, who holds certifications as a Cost and Works Accountant and Chartered Accountant, and has a history in commerce, is a valuable addition to the bank's leadership team as deputy managing director. Chief Financial Officer Devang Gheewalla is appointed Devang Gheewalla will take over as chief financial officer in April, replacing Jaimin Bhatt in that position. Gheewalla will bring his vast financial experience to the forefront of Kotak Mahindra Bank's operations with this appointment, which also designates him as the president and group chief financial officer.

To Take Over as Chief Operating Officer Is Milind Nagnur Milind Nagnur, the current chief technology officer, will assume the additional role of chief operating officer in April as part of a calculated drive to improve operational efficiency. The bank's dedication to utilizing technology and strengthening cybersecurity measures is demonstrated by Nagnur's dual function. Paul Parambi Becomes the Chief Risk Officer of the Group Paul Parambi has been named as the group chief risk officer by Kotak Mahindra Bank, with effect from March, in recognition of the vital necessity of risk management. The bank's risk management system Growth and Continuity under Ashok Vaswani, the New CEO The appointment of Ashok Vaswani as the new CEO, succeeding founder Uday Kotak, prompted a reorganization of the leadership. Former Barclays veteran Vaswani took office on January 1st after the Reserve Bank of India approved his three-year appointment. His direction lays the groundwork for Kotak Mahindra Bank to continue expanding and innovating. "