Kotak Mahindra Bank500247Banking
RBI approved Anup Kumar Saha as MD and CEO of Kotak Mahindra Bank for a three-year term; stock up 4%
- Stock move today
- 4 percent
- CEO term length
- 3 years
Heard on Live TV News Channel between 10:44:12 - 10:47:12 IST.
- RBI approved Anup Kumar Saha's appointment as MD and CEO for a three-year term starting 1st January 2027, after Ashok Vaswani's term ends on 31st December.
- Saha joined Kotak Bank in January this year after a decade-long stint at Bajaj Finance, where he was MD and CEO before resigning in July last year.
- He had been a whole-time director at Kotak since March this year.
- Reporter noted the news was first broken in June this year, with follow-up in August on the bank's recommendations.
- Stock reacted positively, up 4% in today's session.
Also from Kotak Mahindra Bank
HSBC upgraded Kotak Mahindra Bank from hold to buy with a higher target price of 520 rupees, citing growth outlook after new CEO appointment; Geojit's Gaurang Shah also turned positive on the stock
7 Oct 2026
Chandan Taparia recommended buying Kotak Mahindra Bank on dips, citing strong resilience and a broader range setup
7 Oct 2026
Mitesh Thakkar gave a technical buy call on Kotak Bank stock on a fresh swing high
7 Oct 2026
Source: Live TV News Channel · 1 Oct 2026
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