Kotak Mahindra Bank's Joint Managing Director KVS Manian Steps Down - News18
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Last Updated: April 30, 2024, 22:52 IST A man walks past the Kotak Mahindra Bank branch in New Delhi, India, September 6, 2017. (Reuters/File Photo) Manian, who had been with the lender for nearly three decades, was elevated in a management rejig in January Kotak Mahindra Bank on Tuesday announced that its joint managing director K V S Manian has stepped down. Manian, who had been with the lender for nearly three decades, was elevated in a management rejig in January. His departure comes days after the RBI put severe business restrictions on the lender, including stopping it from selling new credit cards for shortcomings in its tech architecture. In a statement, the bank said Manian, who has led various businesses including consumer, commercial, wholesale and private banking, has stepped down from his position with immediate effect. The bank statement did not mention anything about Manian’s future plans or the reasons for the immediate departure. Days ahead of his elevation