Kotak Mahindra Bank share price falls after Q2 results. Kotak Mahindra Bank reports 24% increase in net profit for Q2. Kotak Mahindra Bank receives approval for new MD and CEO.
Kotak Bank: In the case of Vaswani's appointment, the Street was expecting the only two contenders for the bank's CEO post were Kotak Mahindra Bank's two existing Executive Directors.
Kotak Mahindra Bank continues to guide for steady trends in retail payment defaults, and aims to further increase the mix of unsecured loans, said brokerage Motilal Oswal.