Economy · India

Kotak Mahindra Bank CEO to Exit; Shares Decline

Kotak Mahindra Bank shares fell over 3% following the announcement that its Managing Director and CEO, Ashok Vaswani, will not seek a second term. Vaswani is set to step down at the completion of his current three-year tenure on December 31, 2026. The development led to some profit booking among investors.

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