KVS Manian doesn't have any offer in hand, says Kotak CEO Vaswani

Ashok Vaswani

Kotak Mahindra Bank's former deputy managing director KVS Manian doesn't have any offer in hand, said Ashok Vaswani, managing director and chief executive officer, Kotak Mahindra Bank.

"To the best of my knowledge, Manian doesn't have anything in his hand right now, to the best of my knowledge. Obviously, you'll have to ask Manian that question, but I'm not aware of anything like that," he said at a post results press conference on May 4.

The CEO and MD was answering a query on the recent exit of KVS Manian. "Manian wanted to pursue other opportunities in the financial sector... the timing made things a little difficult. He was with the company for a very long time," Vaswani said.

On April 30, KVS Manian, the whole-time director and joint MD of the bank, resigned with immediate effect to pursue other opportunities in the financial services space.

"I hereby tender my resignation from the services of Kotak Mahindra Bank for pursuing other opportunities in financial services that I am exploring. Consequently, I would also step down from the board of the bank," he had said in the letter.

Manian had worked with Kotak Mahindra Bank for almost three decades.

In the letter, he had also thanked Ashok Vaswani and wished him the best.