Kotak Mahindra Financial institution CTO Bhavnish Lathia has resigned from his position citing private causes, the non-public sector financial institution mentioned in an announcement on Monday. In a inventory change submitting, Kotak Mahindra Financial institution mentioned its board of administrators had accepted the resignation, with Lathia final working day being 9 February.
“We want to inform you that Mr. Bhavnish Lathia has resigned because the Chief Expertise Officer (Senior Administration Personnel) of the Financial institution, on account of private causes. Mr. Lathia’s resignation has been accepted on February 9, 2026 and, accordingly, Mr. Lathia has served his final day as CTO of the Financial institution on February 9, 2026,” the submitting mentioned.
The Kotak Mahindra Financial institution Chief Expertise Officer’s resignation got here in lower than one yr after his appointment in March 2025. The financial institution has appointed Nilesh Chaudhari as the brand new Chief Expertise Officer, it mentioned within the inventory change submitting.
Who’s Bhavnish Lathia?
Bhavnish Lathia had been related to Kotak Mahindra Financial institution since 2022. Often called Nish amongst his colleagues, Lathia has over 25 years of world expertise throughout roles in numerous industries.
In 2022, he joined Kota Mahindra Financial institution because the Chief of Buyer Expertise and Head of Expertise in its Shopper Financial institution division, the place he was chargeable for buyer expertise and repair throughout channels and the service high quality for shopper financial institution.
After working for almost three years within the position, Bhavish Lathia was promoted to the place of the CTO. Days forward of his resignation, Bloomberg reported that Kotak Mahindra Financial institution is recruiting 500 engineers from giant tech companies — a transfer wherein Lathia, an ex-Amazon supervisor, performed a key position.
He instructed Bloomberg in an interview that Kotak is constructing a “know-how firm with a banking licence”.
“The place we see a singular alternative is in combining expertise from deep tech firms with expertise that brings deep area experience,” Lathia mentioned. “To me, it’s like ginger and cardamom going into chai.”
Earlier than becoming a member of Kotak Mahindra Financial institution, Bhavnish Lathia labored for almost 18 years in Amazon spanning throughout all enterprise capabilities like product administration, ecommerce, advertising, engineering and analytics with a major give attention to enhancing buyer expertise. Submit-Amazon, he moved to Valo Well being, the place he labored as their Chief Product Officer chargeable for engineering, machine studying, and product administration.
On the time of his appointment as CTO, Kotak Mahindra Financial institution mentioned in an announcement that Lathia has pursued “high-ambiguity laborious issues, working backwards from a buyer centricity standpoint to derive insights, and invented options on behalf of consumers (Shoppers, B2B companions, and Developer segments) to maximise worth creation. ”
He has over 40 patents (permitted and filed) inside ecommerce, web-services, distributed computing, and machine studying domains.
Bhavnish Lathia holds an MS diploma in Pc Science from College of Louisiana, and an MBA from California State College.
Key Takeaways
- Management transitions can influence strategic initiatives inside organizations.
- The combination of tech expertise into conventional banking indicators a shift in business dynamics.
- Understanding the explanations behind government departures can present insights into firm tradition and challenges.