{"id":77149,"date":"2026-02-05T07:03:16","date_gmt":"2026-02-05T10:03:16","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/889560921"},"modified":"2026-02-05T07:03:16","modified_gmt":"2026-02-05T10:03:16","slug":"kotak-mahindra-bank-to-hire-500-engineers-in-tech-push","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/05\/kotak-mahindra-bank-to-hire-500-engineers-in-tech-push\/","title":{"rendered":"Kotak Mahindra Bank to hire 500 engineers in tech push"},"content":{"rendered":"
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Kotak Mahindra Bank Ltd<\/a>. is recruiting as many as 500 engineers as the billionaire Uday Kotak-backed Indian lender pushes to amp up its technology to lift its long-term competitiveness.<\/p>\n<\/div>\n

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Chief Technology Officer Bhavnish Lathia is targeting recruits at large tech firms as well as competing banks to build a \u201ctechnology company with a banking license,\u201d he said in an interview. The firm\u2019s technology workforce of more than 2,000 people is drawn largely from companies such as Alphabet Inc. and Apple Inc., alongside Wall Street firms including Goldman Sachs Group Inc. and JPMorgan Chase & Co., he said.<\/p>\n<\/div>\n

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\u201cWhere we see a unique opportunity is in combining talent from deep tech companies with talent that brings deep domain expertise,\u201d Lathia said. \u201cTo me, it\u2019s like ginger and cardamom going into chai.\u201d<\/p>\n<\/div>\n

Also Read<\/strong> | Boeing layoffs: Planemaker to cut 300 jobs from defence division<\/a><\/div>\n
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India\u2019s banking sector is ramping up investments in tech amid steady growth in deposits and buoyant credit activity. While adoption of artificial intelligence remains in the early stages across many firms, larger banks are increasing its use for customer service and fraud detection. Competition for talent is also picking up as global firms hire in India, pushing up salaries and attrition rates.<\/p>\n<\/div>\n

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Kotak\u2019s push pits it against other lenders in the region known for their technology prowess, including Singapore\u2019s DBS Group Holdings Ltd. and Australia\u2019s Macquarie Group Ltd.<\/p>\n<\/div>\n

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When a regulatory technology embargo imposed in 2024 due to shortcomings at Kotak was lifted last year, it paved the way for an acceleration of its tech drive, Lathia said.<\/p>\n<\/div>\n

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The bank used the pause to rework its core banking systems and bring large portions of software development in-house, reducing reliance on external vendors and giving engineers tighter control over mission-critical infrastructure.<\/p>\n<\/div>\n

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Since then, Kotak has gone more than a year without a single unplanned outage in its core banking system, while handling a 60% to 70% year-on-year increase in transaction volumes. Transaction latency \u2014 the time taken for a transaction to be processed and completed \u2014 on Kotak\u2019s consumer-facing digital app has dropped to under 500 milliseconds, from a few seconds previously, he added.<\/p>\n<\/div>\n

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Nearly 1,800 of Kotak\u2019s engineers come from the technology and global financial firms Lathia targets, and the bank plans to hire an additional 300 to 500 engineers in the next financial year that begins April 1, he said. Lathia took over last year from his predecessor Milind Nagnur, who had also pushed a similarly-focused recruitment drive. <\/p>\n<\/div>\n

Also Read<\/strong> | Washington Post layoffs: Who has been affected, what did Executive Editor say?<\/a><\/div>\n
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Meantime, Kotak is opening fewer physical branches than some peers while steadily increasing tech investment. Tech spending now accounts for about 13% of operating expenses, up from roughly 10% a couple of years ago, and continues to rise, Lathia said. The bank\u2019s goal is to use automation and scale to keep costs stable even as business volumes grow, creating room to reinvest in platforms and products.<\/p>\n<\/div>\n

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Artificial intelligence is becoming central to that effort. Kotak already uses machine learning and AI to monitor transactions, flag anomalous behavior and strengthen cybersecurity.<\/p>\n<\/div>\n

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\u201cIn about eight months, almost everything we do will be AI-infused,\u201d Lathia said, adding that hundreds of engineers are already using AI agents to generate code and nearly 35,000 employees use AI tools in their daily work.<\/p>\n<\/div>\n<\/div>\n

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Disclaimer: This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.<\/i><\/p>\n<\/div>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… Technology<\/span> Officer Bhavnish Lathia is targeting recruits at large tech<\/span> … firms as well as competing banks to build a \u00e2\u0080\u009ctechnology<\/span> … region known for their technology<\/span> prowess, including Singapore\u00e2\u0080\u0099s … engineers come from the technology<\/span> and global financial firms …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-77149","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/77149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=77149"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/77149\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=77149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=77149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=77149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}