Following Bhavnish Lathia's appointment as CTO, Kotak Mahindra Bank's share price surges more than 3% to reach a 52-week high.

Following the board of directors' meeting on Saturday, where Vyomesh Kapasi was named a member of the Group Management Council and Bhavnish Lathia was named the new Chief Technology Officer (CTO), Kotak Mahindra Bank's share price jumped by over 3% to reach a 52-week high. According to a regulatory filing, both will be 'Senior Management Personnel' of the bank, with their appointments effective March 22, 2025. Since August 2022, Lathia has led the Consumer Bank's technology and customer experience departments. Since February 2025, Kapasi has been in charge of Products at the Consumer Banking business. The private sector bank has appointed six additional officials as Senior Management Personnel in addition to these two positions.