Kotak Mahindra Bank500247Banking
RBI approved Anup Saha as the next MD and CEO of Kotak Mahindra Bank for a three-year term starting January 1, 2027, succeeding Ashok Vaswani
- Stock intraday gain
- 3.5 percent
- New CEO term length
- 3 years
Heard on business television between 13:04:56 - 13:07:56 IST.
- RBI approved Anup Saha's appointment as MD and CEO effective January 1, 2027, for a three-year term.
- Current CEO Ashok Vaswani's term ends December 31, 2026.
- Anup Saha joined Kotak Mahindra Bank in January this year as whole-time director and executive director.
- He has over three decades of banking experience, including a decade-long stint at Bajaj Finance (including a brief period as MD and CEO) and earlier at ICICI Bank.
- Stock rose up to 3.5% intraday but gave up most gains in line with broader market weakness.
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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