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Kotak Bank COO Nagnur Quits, Second Exit After Vaswani Joined as Chief Executive

The New Indian Express Bhubaneswar

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January 04, 2025

KOTAK MAHINDRA BANK, which is under serious regulatory curbs since April last year for not fortifying its tech-architecture and has been banned from any online/mobile app-based services, has said Milind Nagnur, its chief technology officer who is also its chief operating officer, has resigned from the bank.

- ENS ECONOMIC BUREAU @Mumbai

This is the second senior level resignation from the bank after the new CEO, Ashok Vaswani, was chosen by the RBI in January 2024 to replace the founder Uday Kotak who was forced to resign in October 2023, 15 months ahead of his term was to end.

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US okays Javelin, Excalibur weapon sale to India

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