Kotak Mahindra Bank stock surges after appointment of new CEO

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Kotak Mahindra Bank's shares rose to an eight-month high following the conclusion of its search for a new CEO. The bank announced the appointment of Ashok Vaswani to the position. This development resolves a period of uncertainty regarding leadership at the private sector lender. The appointment is subject to approval from the Reserve Bank of India and other regulatory bodies.

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