Analysts at Nomura and Jefferies, however, maintain 'Buy' ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts believe the bank's strategic direction will remain consistent.
Analysts at Nomura and Jefferies, however, maintain 'Buy' ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts believe the bank's strategic direction will remain consistent.
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Shares of Kotak Mahindra Bank fell more than 3% on Monday after the private lender's Managing Director and CEO, Ashok Vaswani, decided not to seek reappointment after his current term expires at the end of the year, citing personal reasons. Brokerages Nomura and Jefferies, however, maintained their 'Buy' ratings on the stock.In an exchange filing on Saturday, Kotak Mahindra Bank said it has initiated the process to appoint a new Managing Director and CEO. Vaswani took charge on January 1, 2024,…
