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INSANE: Ashok vaswani | Rare Historical Photos

Kotak Mahindra Bank shares jump 4% as Q2 net advances rise 25% YoY, deposits up 23%

Kotak Mahindra Bank's net advances increased 25% year-on-year to Rs 5.77 lakh crore in Q2 FY27. Total deposits rose more than 23% year-on-year to Rs 6.51 lakh crore during the same period. CASA deposits reached Rs 2.49 lakh crore, reflecting an 11% growth compared to last year. Anup Kumar Saha…

The Economic Times · 10h ago

Kotak Mahindra Bank shares jump 4% to 8-month high after Anup Kumar Saha named CEO. What Nomura, Jefferies expect

Shares of Kotak Mahindra Bank rose 4% following the announcement of Anup Kumar Saha's appointment as MD and CEO. Saha, currently an Executive Director, has over 32 years of experience in financial services. He will succeed Ashok Vaswani, who decided not to seek reappointment for personal reasons. Brokerages have indicated…

The Economic Times · Oct 1

Kotak Mahindra Bank recommends two internal candidates for CEO, sources say

Kotak Mahindra Bank has recommended two internal candidates to succeed its CEO. Executive directors Anup Saha and Paritosh Kashyap were named for the role. These recommendations are for the Reserve Bank of India's approval. The current CEO's term concludes on December 31, 2026. The bank aims to accelerate its growth…

The Economic Times · Aug 31

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Lagging on FCNR(B) deposit collections, banks pin hopes on September-end rush

Banks anticipate a surge in FCNR-B deposits before the September deadline. Initial inflows have been below expectations, but partnerships are being forged. Demand from non-resident Indians remains strong, especially from the Middle East. Lenders are intensifying outreach efforts to attract more overseas funds. Mobilisation is expected to accelerate closer to…

The Economic Times · Jul 20

Kotak Mahindra Bank shares fall 3% after CEO's surprise exit. What Nomura, Jefferies said

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.

The Economic Times · Jun 29

Kotak Mahindra Bank has 'high ambitions' to deploy capital for growth, CEO says

Kotak Mahindra Bank is actively pursuing acquisitions, including loan portfolios and alternative assets, to deploy surplus capital and fuel growth. CEO Ashok Vaswani aims for the bank to become India's third-largest private lender by profit. The bank is also investing heavily in technology and AI to enhance efficiency, expecting workforce…

The Economic Times · Jun 23

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