Kotak Mahindra Bank shares fall 3% after CEO's surprise exit. What Nomura, Jefferies said

Kotak Mahindra Bank shares fell about 3% following the surprise exit of its CEO. Brokerages Nomura and Jefferies maintained Buy ratings on the stock, with Nomura highlighting Anup Kumar Saha as a strong internal candidate for succession. Analysts believe the bank's strategic direction will remain consistent despite the leadership change.