Bhavnish Lathia
Table of Contents
On March 22, 2025, Kotak Mahindra Bank appointed Bhavnish Lathia as its new Chief Technology Officer (CTO), marking a significant step in the bank’s ongoing digital transformation journey. Lathia’s appointment follows the resignation of Milind Nagnur, who stepped down as COO and CTO in February 2025 due to personal reasons. citeturn0news17
Bhavnish Lathia’s Background and Expertise
Bhavnish Lathia brings over 27 years of global experience in technology, product management, and platform development. Since August 2022, he has served as the Chief of Customer Experience and Head of Technology for the Consumer Bank at Kotak Mahindra Bank. His tenure at the bank has been marked by significant technological advancements, including the development of scalable, fault-tolerant distributed systems and a robust in-house engineering team. citeturn0search6
Lathia’s academic credentials include a Bachelor of Computer Engineering, a Master’s in Computer Science, and an MBA. His professional journey encompasses leadership roles at renowned organizations such as Amazon and AWS, where he honed his expertise in building customer-centric, technology-driven solutions. citeturn0search1
Strategic Vision for Kotak Mahindra Bank
In his new role as CTO, Lathia is poised to drive Kotak Mahindra Bank’s strategy to transform at scale. He emphasizes the importance of technology as a key driver in enhancing customer satisfaction and organizational efficiency. Under his leadership, the bank aims to push the boundaries of innovation, delivering exceptional value to customers and stakeholders. citeturn0search4
Ashok Vaswani, the bank’s Managing Director and CEO, lauded Lathia’s instrumental role in advancing the bank’s technology initiatives over the past three years. Vaswani highlighted Lathia’s success in building a world-class engineering team and underscored the critical role of rapid technology deployment in transforming business operations for scale. citeturn0search0
Market Response and Future Outlook
The announcement of Lathia’s appointment has been positively received by the market. Kotak Mahindra Bank’s share price surged by over 3%, reaching a 52-week high. This uptick reflects investor confidence in the bank’s strategic direction under Lathia’s technological leadership. citeturn0search7
Looking ahead, Lathia’s leadership is expected to be pivotal in positioning Kotak Mahindra Bank at the forefront of technological advancements in the banking sector. His vision includes building a customer-centric, technology-enabled bank that leverages innovation to meet evolving customer needs and enhances operational efficiencies. citeturn0search6
In summary, Bhavnish Lathia’s appointment as CTO signifies Kotak Mahindra Bank’s commitment to leveraging technology as a strategic enabler of growth and customer satisfaction. With his extensive experience and visionary leadership, the bank is well-positioned to navigate the dynamic landscape of digital banking and continue its trajectory of innovation and excellence.
