Coverage
Kotak Mahindra Bank
Kotak Mahindra Bank appoints Anup Kumar Saha as MD & CEO
Saha is currently a whole-time director at the bank and has been overseeing its retail banking, data analytics and marketing functions since March 2026. He joined Kotak Mahindra Bank in January this year.
Kotak Mahindra Bank Recommends Anup Saha and Paritosh Kashyap to RBI for CEO Role
When a premier private bank navigates its second chief executive transition in three years by putting forward two internal leaders, corporate governance shifts from external transformation back to core balance sheet continuity.
Kotak Mahindra Bank has successfully raised 650 million dollars through a 5-year US dollar-denominated bond issuance.
The bond was priced at a tight coupon of 5.4780% (108 basis points over 5-year US Treasuries), tightening 27 basis points from initial price guidance following strong oversubscription from global institutional investors.
Kotak MF projects a FY27 balance-of-payments surplus — and a 50 bps rate hike
Surging capital inflows and a GDP upgrade to 6.7% sit alongside a forecast that inflation firms enough to prompt tightening in H2 FY27.
Private banks add branches, cut headcount: ICICI, Axis, HDFC, Kotak all shrink FY26 staff rolls
India's largest private lenders expanded branch networks even as they trimmed headcount, with automation absorbing back-office and mid-office attrition instead of new hiring.
Kotak's Vaswani earns ₹30.88 Cr in FY26 as private bank pay outpaces PSU scales
Private bank CEO pay packages are pulling further ahead of public sector counterparts, with equity grants widening the gap beyond cash salary alone.
Kotak tops profit-per-branch chart at ₹8.5 Cr, nearly 4x SBI's ₹3.7 Cr
FY26 data shows private banks extracting far more profit per branch than public sector peers, pointing to a widening digital cross-sell gap in Indian banking.
Kotak absorbs Deutsche Bank's ₹29,000 Cr retail portfolio as foreign banks exit India
Kotak Mahindra Bank has acquired Deutsche Bank's entire retail, private banking, and wealth management business in India, signalling a broader retreat by foreign lenders from domestic consumer banking.
Mrinal Sinha returns to Axis Max Life as Chief People Officer
Sinha rejoins the insurer after leading HR for Kotak Mahindra Bank's Consumer Bank, bringing two decades of BFSI and consumer-tech HR experience to the role.
Kotak Mahindra Bank CEO Ashok Vaswani steps down after 11 months, sparking succession debate
The sudden departure of MD & CEO Ashok Vaswani, who took charge in January 2024, has triggered fresh questions about leadership continuity and strategic direction at India's largest private sector bank.
Kotak Mahindra Bank targets ₹3 spot via NBFC acquisitions, sitting on 23% capital adequacy
CEO Ashok Vaswani signals aggressive M&A strategy to deploy excess capital and scale the bank rapidly. The move hints at consolidation pressure across Indian financial services.
Kotak wins RBI nod to buy up to 9.99% stakes in AU Small Finance and Federal Bank
The move gives Kotak strategic exposure to two separate banking franchises without immediate merger risk, raising questions about how Indian banking consolidation may unfold.
Kotak Mahindra Prime names insider Suraj Rajappan as new CEO
The NBFC promotes homegrown leader to top role without external search, betting on institutional knowledge and succession planning over external hires.
Kotak fraud case exposes procedural gaps, not tech flaws, in bank controls
A relationship manager allegedly issued false FD reports worth ₹150 crore to a municipal body with no cyber breach involved, surfacing questions about verification independence and internal process integrity.
Kotak and DCB Bank board appointments signal shift toward specialist expertise
India's banks are moving beyond traditional banker profiles to hire for rural finance and regulatory depth, signalling a maturing market where surgical skills now outweigh generalist credentials.
UPI-PayNow Live on 19 Indian Banks as India-Singapore Corridor Expands
NPCI International has onboarded 13 additional banks to the UPI-PayNow corridor with Singapore, effective July 17, 2025. The network now covers major lenders including Kotak Mahindra, HDFC, and BOB.
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