Kotak Mahindra Bank appoints Milind Nagnur as CTO

Kotak Mahindra Bank announced the appointment of Milind Nagnur as president and chief technology officer (CTO) to spearhead its technological transformation.

"We are delighted to have Milind Nagnur join us as Kotak Mahindra Bank’s CTO," said Dipak Gupta, Joint Managing Director, Kotak Mahindra Bank, in a press statement. "His rich experience in driving the technological initiatives in the global fintech and banking industry is an asset, and we are confident that Milind will add immense value to our bank as we move towards the next level of growth.”

Nagnur joins Kotak from Early Warning, a fintech company owned by seven of the leading banks in the United States. Early Warning is best known as the owner and operator of the Zelle Network, a financial services network focused on transforming payment experiences.

A graduate of the Indian Institute of Technology (IIT) Bombay and an MBA in Computer Information Systems and Finance from Indian Institute of Management (IIM), Calcutta, Nagnur has previously worked with Wells Fargo Bank, Citigroup, and JP Morgan Chase.

“The Indian banking and financial services space is dramatically transforming with technology, and I am excited to partner with an iconic brand that is transforming itself as a bank with technology at its core," Nagnur said. "I am truly excited to join the amazing team at Kotak Mahindra Bank and contribute to its brand promise of secure and trusted banking.”

Nagnur has an extensive background in highly regulated financial industries and managing large scale portfolios of critical transaction processing platforms, applications, data, and infrastructure services.

"He specialises in reimagining and fortifying core platforms and processes, while building strategic innovative capabilities to fuel growth," the Kotak Mahindra Bank statement added.

Nagnur has also co-authored a book on Java2 Network Security published by Prentice Hall.