29-Jun-2026 10:17:01
Kotak Mahindra Bank Falls 2% as CEO Exit Raises Succession Concerns
Kotak Mahindra Bank shares fell over 2% after Managing Director and CEO Ashok Vaswani announced he will not seek reappointment when his term ends on December 31, 2026. While the leadership transition weighed on investor sentiment, brokerages remained positive on the bank's long-term prospects, citing its strong capital position, improving business growth and healthy asset quality. Analysts expect a smooth succession process, with the bank already initiating the search for a new CEO under regulatory timelines.