Kotak Mahindra Bank Share Price Hits 52-Week High Amid Key Leadership Changes

Market Performance

Kotak Mahindra Bank's share price increased by over 3%, reaching a 52-week high. This rise followed significant leadership changes announced by the bank's board of directors.

During trading on March 24, 2025, the BSE's share price opened at ₹2,092.40 per share. It reached an intraday high of ₹2,151.40 and an intraday low of ₹2,088.

Leadership Changes

According to a regulatory filing, the bank appointed Bhavnish Lathia as the new Chief Technology Officer (CTO) and Vyomesh Kapasi as a member of the Group Management Council. Both appointments took effect on March 22, 2025.

Bhavnish Lathia has led Customer Experience and Technology for the Consumer Bank since August 2022. Vyomesh Kapasi has managed Products in the Consumer Banking division since February 2025.

In addition to these appointments, six other officials were designated as Senior Management Personnel:

• Pranav Mishra - Head of Consumer Bank Distribution
• Phani Shankar - Chief Credit Officer
• SK Honnesh - Group General Counsel
• Anupam Kaura - Chief Human Resources Officer
• Rohit Bhasin - Chief Marketing Officer
• Rajiv Mohan - Treasurer

Regulatory Context

The Reserve Bank of India recently lifted restrictions on Kotak Mahindra Bank regarding the issuance of new credit cards and customer digital onboarding. These restrictions were in place for 10 months due to deficiencies in the bank's IT infrastructure.

Summary

Kotak Mahindra Bank's share price increased 3%, reaching a 52-week high, following the announcement of major leadership changes. The appointment of Bhavnish Lathia as CTO and Vyomesh Kapasi to the Group Management Council marks a shift in the bank's senior management. Additionally, six other officials have been designated as Senior Management Personnel. The bank's regulatory environment improved recently with the RBI's removal of prior limitations on new credit card issuance and digital customer onboarding.