Group President Manish Kothari steps down from Kotak Bank, exit set for Sep 30

Kmp ResignedManagement Changes View source PDF Explain this filing

KOTAKBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹416.55

prior close

₹412.60

announcement price

After-mkt

timing

Nifty 100market-0.4%+1.0% vs market

Private Sector Bank peers, median of 19sector-0.0%+0.6% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty 100 and 0.6 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-0.5

15m

-0.3

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6-0.4+1.0-0.0+0.6

Next day

-1.6-1.8+0.2-2.3+0.7

-0.4-1.5+1.1-1.2+0.9

+0.1-1.1+1.2-1.4+1.5

-0.3-0.6+0.3-0.5+0.2

-0.3-0.3+0.0-1.6+1.3

-1.0-0.1-0.9+1.2-2.2

15d

+3.5-3.1+6.5-3.3+6.8

+6.4-4.9+11.4-1.2+7.7

—————

UpDownMarket · Nifty 100Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Manish Kothari, Group President and Head of Commercial Bank at Kotak Mahindra Bank, has resigned effective September 30, 2026, after 31 years with the bank. He plans to pursue an entrepreneurial journey outside Kotak. The bank has already integrated his Commercial Bank portfolio into the Retail and Institutional business segments as part of a planned transition.

Likely market impact

Planned exit of a 31-year veteran. Portfolio already redistributed across Retail and Institutional, suggesting managed continuity rather than sudden disruption.