Shares of Kotak Mahindra Bank on Thursday declined over 4 per cent after the company announced that its joint managing director K V S Manian, a veteran at the lender, has stepped down with immediate effect.
The private sector lender's stock tanked 4.38 per cent to hit its 52-week low of Rs 1,552.55 on the BSE.
At the NSE, it went lower by 4.40 per cent to Rs 1,552.40 -- the 52-week low.
Copyright © 2017 Indian Grapevine a unit of Integrated Media Enterprises
