Kotak Mahindra Bank Limited, a leading private sector bank in India, announced a significant overhaul in its senior management team to strengthen its operational efficiency and strategic decision-making. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors, in its meeting held on March 22, 2025, approved the appointment of key personnel and identified new members for its senior management team.

Key Appointments and Identifications

The Bank has made the following notable appointments and identifications as part of its leadership restructuring:

1. Mr. Bhavnish Lathia Appointed as Chief Technology Officer (CTO)

   • Mr. Bhavnish Lathia has been appointed as the Chief Technology Officer (CTO) and a Senior Management Personnel of the Bank.

   • He holds a Bachelor’s degree in Computer Engineering, a Master’s in Computer Science, and an MBA.

   • Since August 2022, he has been leading customer experience and technology at the Consumer Bank division.

   • With over 27 years of experience in global technology, product, and platform management, Mr. Lathia brings a wealth of knowledge to the Bank’s technological transformation.

2. Mr. Vyomesh Kapasi Appointed as Member of Group Management Council

   • Mr. Vyomesh Kapasi, who currently heads the Consumer Bank – Product Division, has been appointed as a member of the Group Management Council and designated as Senior Management Personnel.

   • A commerce graduate with 37 years of experience, Mr. Kapasi has played a pivotal role in retail assets and auto finance.

   • He has been associated with the Kotak Mahindra Group for over 30 years, including serving as the Managing Director and CEO of Kotak Mahindra Prime Limited, a wholly-owned subsidiary of the Bank.

Identification of Senior Management Personnel

The Board also identified the following professionals as part of the Bank’s Senior Management Personnel:

• Mr. Pranav Mishra – Head, Consumer Bank – Distribution

• Mr. Phani Shankar – Chief Credit Officer

• Mr. SK Honnesh – Group General Counsel

• Mr. Anupam Kaura – Chief Human Resources Officer

• Mr. Rohit Bhasin – Chief Marketing Officer

• Mr. Rajiv Mohan – Treasurer

Brief Profiles of Newly Identified Personnel

1. Mr. Pranav Mishra

   • Educational Background: B.Sc. in Mathematics, CAIIB, and MBA.

   • Experience: Over 30 years of experience in banking and financial services.

   • He has been leading the Distribution function in the Consumer Banking division since July 2024.

2. Mr. Phani Shankar

   • Educational Background: Engineer with a PG Diploma in Business Management from IIM Ahmedabad.

   • Experience: Over 28 years of experience, including 8 years with ING Vysya Bank before its merger with Kotak Mahindra Bank.

   • He has been heading the Credit function of the Bank since July 2022.

3. Mr. SK Honnesh

   • Educational Background: Law degree from National Law School of India University, Bengaluru.

   • Experience: Over 28 years of legal expertise, strategic transactions, and compliance.

   • He has been serving as the Group General Counsel since July 2024.

4. Mr. Anupam Kaura

   • Educational Background: Master’s in Personnel Management & Industrial Relations from Tata Institute of Social Sciences (TISS).

   • Experience: Over 28 years of global HR leadership in the BFSI sector.

   • He has been the Chief Human Resources Officer (CHRO) since January 2024.

5. Mr. Rohit Bhasin

   • Educational Background: Engineer in Computer Science and an MBA from Faculty of Management Studies (FMS).

   • Experience: 25 years of experience in scaling global consumer businesses.

   • He has been the Chief Marketing Officer (CMO) since February 2023.

6. Mr. Rajiv Mohan

   • Educational Background: B.Tech from HBTI Kanpur and an MBA from IIM Ahmedabad.

   • Experience: 29 years with Kotak Mahindra Group, currently heading the Treasury division since March 2020.

Board Meeting Details

• The Board Meeting commenced at 9:00 a.m. IST and concluded at 4:45 p.m. IST on March 22, 2025.

• The approved information has been uploaded on the Bank’s official website under the governance section for public dissemination.

Regulatory Compliance and Disclosure

The Bank has adhered to the requirements specified under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, along with the provisions outlined in SEBI Circular No. SEBI/HO/CFD/CFD PoD-1/P/CIR/2023/123 dated July 13, 2023.

Implications of Leadership Changes

The appointment of senior leaders with extensive industry experience and domain expertise is expected to drive technological innovation, improve operational efficiency, and enhance the Bank’s customer service experience.

Conclusion

The strategic appointments and identification of new leaders reinforce Kotak Mahindra Bank’s commitment to strengthening its management team and enhancing business growth, operational excellence, and governance standards. These changes reflect the Bank’s vision of driving sustainable growth while maintaining its leadership position in the Indian banking sector.

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