In his resignation letter, Lathia said, “I have to return to the US due to personal reasons. As a result, I will be resigning as CTO for Kotak Mahindra Bank with effect from today.”
Lathia was appointed CTO in March 2025, following the resignation of Milind Nagnur, who had resigned from his role as Chief Operating Officer (COO) and CTO in February 2025, effective February 15.
The bank has appointed Nilesh Chaudhari as its new CTO and senior management staff. Chaudhari has nearly 29 years of experience at global and Indian financial institutions, including JPMorgan Chase, Barclays, Citigroup and IDFC First Bank.
Chaudhari has held several senior leadership roles including CIO – Global Payments at Barclays; head of retail banking technology and head of Asia Banking Technology at JPMorgan; and CTO for corporate and wholesale banking at IDFC First Bank.
His expertise spans payments, core banking, treasury, cash management, digital platforms, data, lending and large-scale technology transformation in more than twenty countries.
An engineer by training, Chaudhari holds a Bachelor of Engineering degree from the University of Pune and leads complex technology modernization programs. At Kotak Mahindra Bank, he plays a key role in advancing strategic technology initiatives across wholesale banking, commercial banking, treasury, GIFT City operations, assurance and support functions.
Separately, the bank also announced the appointment of Aravamudham Narayanan (Vijay Narayanan) as head (innovation and AI) and senior management staff of the bank.
Disclosure: Entities controlled by the Kotak family have a significant stake in Business Standard Pvt Ltd
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