Weekly Recap: 16–26% Q1 FY27 profit rise and co‑CEOs, vice chairman named

Kotak Mahindra Bank Limited (NSE:KOTAKBANK) reported Q1 FY27 net profit up 16–26% as lower credit costs, healthy loan growth and tight cost control boosted earnings, while appointing V. Jayasankar and Sourav Mallik as co-CEOs/MDs of Kotak Investment Banking and Ramesh Srinivasan as non-exec vice chairman.

Previous Week Recap

• Kotak Mahindra Bank Net Profit Growth: Kotak Mahindra Bank (KOTAKBANK) posted Q1 FY27 net profit growth of 16–26% year‑on‑year. Traders note stronger earnings driven by lower credit costs, healthy loan growth and tight cost control.
• Kotak Mahindra Bank Leadership Appointments: Kotak Mahindra Bank (KOTAKBANK) appointed V. Jayasankar and Sourav Mallik as co-CEOs and MDs of Kotak Investment Banking and named Ramesh Srinivasan non-executive vice chairman, effective August 1.

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