Kotak mahindra bank share: The shares of Kotak Mahindra Bank Limited saw a decline of more than 2 per cent on 30 January today. The stock has closed at Rs 1903.50 with a decline of 0.88 per cent on BSE at Rs 1903.50. In fact, the company’s senior retail banking executive has resigned from his post. After this news, the company’s shares are seeing selling. With today’s fall, the company’s market cap has come down to Rs 3.78 lakh crore. The 52-wheel high of the stock is Rs. 1953 and 52-Veik is Rs 1544.15.
What did Kotak Mahindra Bank say on resignation?
Kotak Mahindra Bank has confirmed that Ambuj Chandna, head of the Consumer Products of Private Lander, has resigned. The official spokesperson of Kotak Mahindra Bank said, “Ambuj Chandna, head of Consumer Products, has decided to find new opportunities outside the bank after a successful tenure. We thank him for the contribution of Ambuj and for his future Best wishes for efforts. Changes in leadership are a natural part of our organization’s development, which shows the dynamics of career growth and progress and the deep leadership capacity of Kotak. We are committed to maintain strong leadership and continue our growth journey. “
The resignation took place on July 31 after Virat Diwanji, who was the Group President and Consumer Bank head, after his service. He resigned from his post due to his age.
Moneycontrol has received information that Amarnath Janardan, President and National Branch Banking Head – Growth and Emerging Markets, and Narendra Aggarwal, President and National Branch Banking Head – Growth and Emerging Markets, have also resigned. However, when asked about Aggarwal and Janardan, the bank said they are still working with him.
Earlier this month, Chief Operating Officer and Chief Technology Officer Milind Naganur also quit the post citing personal reasons. In his resignation, Milind Naganur said that he is planning to return to America to take care of family members. The resignation given on 3 January confirmed that his last day in the bank would be 15 February 2025.
Ashok Vaswani took over as MD and CEO of Kotak Mahindra Bank on 1 January 2024. In September 2023, Kotak Mahindra Bank founder Uday Kotak decided to step down as MD and CEO.
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