Kotak Mahindra Bank announced the acceptance of the resignation of Mr. Bhavnish Lathia, Chief Technology Officer, effective February 9, 2026, due to personal reasons. The Board simultaneously approved two significant appointments effective February 10, 2026: Mr. Nilesh Chaudhari as the new CTO, and Mr. Aravamudham (Vijay) Narayanan as Head – Innovation and AI. Both new appointees are designated as Senior Management Personnel.
Change in Senior Management Personnel at Kotak Mahindra Bank
Kotak Mahindra Bank officially disclosed a change within its senior management team following the resignation of Mr. Bhavnish Lathia, the Chief Technology Officer (CTO), due to personal reasons. Mr. Lathia’s resignation was accepted on February 9, 2026, marking his last day in the role.
In response to this transition, the Board of Directors passed a resolution on February 9, 2026, approving immediate appointments within the Technology team, effective from February 10, 2026. These changes involve the designation of two individuals as Senior Management Personnel.
Key Management Appointments Effective February 10, 2026
The Board approved the following new roles:
- Mr. Nilesh Chaudhari has been appointed as the new Chief Technology Officer (CTO) and Senior Management Personnel.
- Mr. Aravamudham (Vijay) Narayanan has been appointed as the Head – Innovation and AI and Senior Management Personnel.
Profile of New CTO: Mr. Nilesh Chaudhari
Mr. Chaudhari is an experienced technology leader with 29 years of experience across global and Indian financial institutions, including prominent roles at JPMorgan, Barclays, Citigroup, and IDFC First Bank. His prior senior roles include CIO – Global Payments at Barclays and Head of Retail Banking Technology at JPMorgan. He holds an engineering degree from the University of Poona and is known for driving modernization programs.
Profile of Head – Innovation and AI: Mr. Aravamudham (Vijay) Narayanan
Mr. Narayanan brings approximately 24 years of technology leadership experience from organizations such as Goldman Sachs, Amazon, Medscape WebMD, and Merrill Lynch. His expertise lies in large-scale engineering, cloud services, API platforms, and infrastructure-as-code. At the Bank, he has been instrumental in deploying the Transaction Authorization System (TAS) and driving the adoption of the AI strategy.
The announcement confirmed that there are No Applicable disclosures regarding relationships between these appointees and existing directors.
Source: BSE
