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Kotak Mahindra Bank announces changes in senior management

Published on February 19, 2024
Current Context: Kotak Mahindra Bank has announced a major reshuffle in its senior management.
Kotak Mahindra Bank announces changes in senior management
  • Here are the key changes:
    • KVS Manian, a whole-time Director and a key managerial personnel, has been re-designated as the Joint Managing Director. His new role will be effective from March 1, 2024.
    • Shanti Ekambaram, currently a full-time Director, has been appointed as the Deputy Managing Director, effective from March 1, 2024.
    • Devang Gheewalla has been appointed as the President and Group Chief Financial Officer, effective from April 1, 2024. This appointment is consequent upon the superannuation of Jaimin Bhatt, the current Group President and Group Chief Financial Officer, on March 31, 2024.
    • Milind Nagnur, currently the Chief Technology Officer, has been appointed as the Chief Operating Officer of the bank, effective from April 1, 2024. He will 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.
    • Paul Parambi, currently the bank's Chief Risk Officer, has been promoted to the position of Group Chief Risk Officer, effective from March 1, 2024.

Question:

Q.1 Who has been re-designated as the Joint Managing Director of Kotak Mahindra Bank?
a. Shanti Ekambaram
b. KVS Manian
c. Devang Gheewalla
d. Paul Parambi
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