New Delhi, Oct. 2 -- The Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as the new Managing Director and CEO of Kotak Mahindra Bank. Saha will lead the bank for a term of three years, effective 1 January 2027. He will take over from Ashok Vaswani, who took charge as MD & CEO on 1 January 2024, for a two-year term until 31 December 2026. So, even after the announcement of the new CEO and MD, Vaswani will continue to lead the fourth-largest Indian private lender until his tenure ends. But the market tends to discount ahead of events, and we witnessed strong upside in Kotak Mahindra Bank once Anup Saha's name was announced as Ashok Vaswani's replacement, effective 1 January 2027.

As mentioned above, Ashok Vaswan...