Kotak Mahindra Bank Limited — Important, 03-01-2025: Updates

Mr. Milind Nagnur, Chief Operating Officer and Chief Technology Officer at Kotak Mahindra Bank, has resigned, effective February 15, 2025, citing personal reasons and a planned relocation to the US. The bank has established an interim technology organization structure to ensure operational continuity during this transition. Nagnur expressed gratitude to his colleagues and management for their support throughout his tenure, particularly in the bank's tech transformation efforts. This leadership change could impact the bank's operational strategies, so investors should watch closely for developments in the technology and management framework going forward.