Kotak Mahindra Bank Falls on CEO Succession Concerns

Shares of Kotak Mahindra Bank fell over 2% after CEO Ashok Vaswani announced he will not seek reappointment when his term ends in December 2026, raising concerns over leadership continuity. Despite the near-term uncertainty, brokerages remain positive on the bank's long-term growth prospects, citing strong fundamentals and an orderly succession process. $KOTAKBANK