MUMBAI: K V S Manian, joint managing director at Kotak Mahindra Bank, has resigned from his place, ending his 29-year affiliation with the group. Manian is known to be shifting to Federal Bank, the place CEO Shyam Srinivasan’s time period ends in Sept 2024.
Initially, Manian was thought-about as one of many candidates to switch Uday Kotak because the CEO of Kotak Bank.Later, he was shortlisted by Federal Bank as a possible successor to Srinivasan. However, when he was promoted to the place of joint managing director in Feb, it was assumed that he would keep on at Kotak.
“We are confident in the strong leadership talent at Kotak and our ability to scale our businesses,” mentioned Ashok Vaswani, MD & CEO, Kotak Bank.
Initially, Manian was thought-about as one of many candidates to switch Uday Kotak because the CEO of Kotak Bank.Later, he was shortlisted by Federal Bank as a possible successor to Srinivasan. However, when he was promoted to the place of joint managing director in Feb, it was assumed that he would keep on at Kotak.
“We are confident in the strong leadership talent at Kotak and our ability to scale our businesses,” mentioned Ashok Vaswani, MD & CEO, Kotak Bank.
