23-10-2023 09:53 AM | Source: Reuters
India`s Kotak Mahindra Bank drops over 2% after naming new CEO

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Shares of Indian private lender Kotak Mahindra Bank fell more than 2% on Monday after it named veteran banker Ashok Vaswani as managing director and chief executive.

Shares of the bank fell as much as 2.7% to 1722.45 rupees on Monday.