RBI approved Anup Kumar Shah as new MD and CEO of Kotak Mahindra Bank; analysts gave bull versus bear perspective and bullish view on the stock's prospects

Thu 1 Oct 2026

New customers from acquisition

1.5 lakh customers

Deposits added from acquisition

16,000 crore rupees

Loans added from acquisition

29,000 crore rupees

Loan growth

16 percent

Heard on business television between 15:03:52 - 15:06:52 IST.

• RBI approved appointment of Anup Kumar Shah as new MD and CEO
• Acquisition of Standard Chartered/other bank India unit to add 1.5 lakh customers, 16,000 crore rupees deposits, around 29,000 crore rupees loans, deal expected to close by September 2027
• Loan growth strong at around 16%, led by corporate and MSME segments, though management prioritizing calibrated risk-adjusted growth over aggressive expansion
• Collections improving, unsecured stress moderating, but seasonal stress seen in commercial vehicle and tractor finance in Q1; gold loan book still relatively small
• Analyst Vineet Bolinjkar said new management's retail expertise could help round out the portfolio and build retail deposit franchise, calling stock well positioned to rally after sharp correction

The call above is Vineet Bolinjkar, Venture Securities's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.