Kotak Mahindra Bank faces leadership churn as CTO Bhavnish Lathia resigns citing personal reasons for a US relocation, less than a year into his role. This follows a series of senior exits, including former CTO Milind Nagnur. Nilesh Chaudhari is now the new CTO, with Aravamudham Narayanan heading innovation and AI.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj