Answering a query on KVS Manian's exit, Ashok Vaswani, MD and CEO of Kotak Mahindra Bank, said that Manian doesn't have any offer at the moment. "To the best of my knowledge, Manian doesn't have anything in his hand right now,

Kotak Mahindra Bank is stepping up efforts and investments to resolve technology concerns raised by the banking regulator and regain approval to resume normal operations, said Ashok Vaswani, managing director and chief executive officer,

Kotak Mahindra Bank reports strong financial performance with significant profit growth and increased technology investments for future resilience.

Kotak Mahindra Bank reports healthy liabilities and NPA figures. On the liabilities front, average term deposits at Kotak Mahindra Bank saw a significant increase of 35% YoY in Q4

Kotak Mahindra Bank's CEO, Ashok Vaswani, plans Rs 1,700 crore tech upgrades to address RBI's concerns. The bank recorded a 18% increase in net profit

Kotak Mahindra Bank on Saturday reported a 25 per cent growth in its March quarter net profit at Rs 5,302 crore, limited by a drop in the core income due to narrow interest margins. On a standalone basis,

Kotak is already working with the RBI to appoint an external auditor for IT systems and the process should be completed soon, said Ashok Vaswani.

Vaswani has been contending with various challenges, including the RBI ban, management restructuring, and the abrupt departure of joint managing director KVS Manian.

Kotak Mahindra Bank aims to redistribute resources to mitigate the effects of RBI's recent measures, which prohibited the bank from onboarding new customers online and issuing fresh credit cards. The bank emphasized its collaboration with regulators to enhance technology standards and bolster IT infrastructure through increased investments.