iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Devang Gheewalla to take over as CFO and Milind Nagnur as COO of Kotak Mahindra Bank on April 1

1 Apr 2024 , 10:41 AM

On Monday, Kotak Mahindra Bank revealed numerous senior management changes. With effect from April 1, 2024, Devang Gheewalla has been named the new Chief Financial Officer.

On March 31, 2024, Jaimin Bhatt, the group president and group chief financial officer who succeeded Gheewalla, will retire.

With effect from April 1, 2024, Milind Nagnur, who is the bank's chief technology officer at the moment, has been named chief operating officer of the lender with its headquarters in Mumbai.

In a stock exchange statement, Kotak Mahindra Bank stated, 'It may be noted that Mr. Nagnur shall continue to be the Bank's Chief Technology Officer and will also be responsible for Operations of the Bank as well as the Group Technology Architecture and Cyber Security.'

Additionally, the bank declared that, as of March 1, 2024, KVS Manian, a whole-time director, has been reclassified as the joint managing director.

'We are embarking on an exciting journey of growth and innovation, and I am honoured to step into this new role as Joint Managing Director,' Kotak Mahindra Bank Whole-Time Director KVS Manian stated. My dedication lies in collaborating closely with my distinguished colleagues to propel our team forward, providing value to our stakeholders and consumers while maintaining our fundamental principles of ethics and honesty.

With effect from March 1, 2024, Shanti Ekambaram, a whole-time director of the bank, has been redesigned as the deputy managing director.

'I thank the Board and the leadership team at Kotak for entrusting me with the role of Deputy Managing Director,' stated Shanti Ekambaram, Whole-Time Director, Kotak Mahindra Bank. I'm excited to help our team continue to succeed and expand as we go into the next stage of Kotak's growth. I pledge to work closely with the group to advance strategic goals, encourage creativity, and maintain our unwavering dedication to quality.

KVS Manian, a director of Kotak Mahindra Bank, was shortlisted by Federal Bank as a potential CEO candidate, according to reports on February 15.

Federal Bank has nominated two internal applicants for the MD and CEO positions, according to the sources.

For feedback and suggestions, write to us at editorial@iifl.com

Kotak Mahindra Bank Careers: Check List Of Latest Job Openings - Careerchakkar.com

Related Tags

  • Corporate
  • Kotak Mahindra Bank
  • Management
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.


Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp