Kotak Mahindra Bank shares gain over 3% after Anup Kumar Saha named new MD & CEO

Anup Kumar Saha named new MD & CEO of Kotak Mahindra Bank, succeeding Ashok Vaswani.

Saha's 3-year term begins January 1, 2027, approved by RBI.

Kotak Mahindra Bank shares rise 3.41% after announcement, trading at Rs 431.20.

Saha has 32 years of experience in financial services, including 25 years in banking and non-banking institutions.