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Kotak Mahindra Bank Appoints Anup Kumar Saha as New MD & CEO
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News18•01-10-2026, 11:00
Kotak Mahindra Bank Appoints Anup Kumar Saha as New MD & CEO
- •Kotak Mahindra Bank receives RBI approval to elevate Anup Kumar Saha as Managing Director and Chief Executive.
- •Saha's appointment is for three years, commencing January 1, 2027.
- •He previously served as Executive Director, overseeing retail banking, data analytics, and marketing functions.
- •Saha brings experience from ICICI Bank and Bajaj Finance before joining Kotak Mahindra Bank.
- •The appointment follows incumbent MD & CEO Ashok Vaswani's decision not to seek reappointment, providing clarity to investors.
Key Questions Answered
Kotak Mahindra Bank received RBI approval to elevate Anup Kumar Saha as its managing director and chief executive officer for a three-year term starting January 1, 2027.
Ashok Vaswani, the incumbent MD and CEO, decided not to seek reappointment upon the completion of his current term.
Before joining Kotak Mahindra Bank, Anup Kumar Saha had a long stint with ICICI Bank and also worked with the non-bank lender Bajaj Finance.
