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Kotak Bank COO Nagnur Quits, Second Exit After Vaswani Joined as Chief Executive
The Morning Standard
|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.
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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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