Kotak Mahindra Bank Share Price Hits 52-Week High After New CTO Appointment

Kotak Mahindra Bank share price jumped over 4% on Monday, reaching a 52-week high. This surge followed the bank’s announcement of leadership changes after a board meeting on Saturday.

New Leadership Appointments

The bank appointed Bhavnish Lathia as its new Chief Technology Officer (CTO) and Vyomesh Kapasi as a Group Management Council member. Both will officially take charge on March 22, 2025 and will be part of the bank’s senior management.

Lathia has been leading Customer Experience and Technology for the Consumer Bank since August 2022, while Kapasi has been handling Products in the Consumer Banking division since February 2025.

Additional Senior Management Changes

Kotak Mahindra Bank also appointed 6 more officials to senior management roles:

• 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 

RBI Lifts IT Restrictions

Last month, the RBI lifted restrictions on Kotak Mahindra Bank regarding new credit card issuance and digital customer onboarding. These restrictions were in place for 10 months due to IT infrastructure issues.

About Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited is a Mumbai-based financial institution that provides a range of banking and financial services. It caters to both corporate and retail clients, offering personal finance, investment banking, life insurance, and wealth management solutions.

Kotak Mahindra Bank share price rose by 4.50% today to ₹2,172.50 as of 11:55 AM IST, reaching a 52-week high of ₹2,176.35. Over the past 5 days, the stock has gained 8.90%, while it has surged 10.52% in the last month and 13.49% over 6 months. In the past year, the stock has climbed 23.88%, reflecting strong investor confidence. The bank has a market capitalisation of ₹4.32 lakh crore, a P/E ratio of 19.17, and a dividend yield of 0.092%.

Conclusion

Kotak Mahindra Bank’s leadership reshuffle and RBI’s lifted restrictions have boosted investor confidence. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.