GENERAL2 Oct 2026
Only 9% up since last MD but Jefferies sees 10% more in Kotak Mahindra Bank shares after Anup Saha's appointment | Stock Market News
The RBI has approved Anup Kumar Saha as Kotak Mahindra Bank's next Managing Director and CEO, starting 1 January 2027 for three years. He replaces Ashok Vaswani, whose term ends 31 December 2026. Shares rose about 9% during Vaswani's tenure. Jefferies has a buy call and sees about 10% upside. If you hold the stock, treat this as brokerage opinion, not advice.
Key Statutory Highlights
- The RBI has approved Anup Kumar Saha as the Managing Director and CEO of Kotak Mahindra Bank for a three-year term from 1 January 2027.
- Saha will take over from Ashok Vaswani, whose term as MD and CEO runs until 31 December 2026.
- Jefferies has given Kotak Mahindra Bank shares a buy tag and predicts about 10% upside.
Actionable Advice for Taxpayers / Founders:If you hold or plan to buy Kotak Mahindra Bank shares, treat the Jefferies buy call as one analyst's view only, and check with a certified financial expert before making any investment decision.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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