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Anup Kumar Saha Appointed MD & CEO of Kotak Mahindra Bank
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Storyboard•02-10-2026, 10:12
Anup Kumar Saha Appointed MD & CEO of Kotak Mahindra Bank
- •Anup Kumar Saha will begin his three-year term as MD & CEO of Kotak Mahindra Bank on January 1, 2027, succeeding Ashok Vaswani.
- •The Reserve Bank of India approved Saha's appointment, who joined Kotak Mahindra Bank in January 2026 and currently oversees retail banking, government business, data analytics, and marketing.
- •Saha brings extensive experience from Bajaj Finance, where he served as MD and CEO, and ICICI Bank, where he handled retail secured assets and credit cards.
- •Kotak Mahindra Bank aims to accelerate growth and strengthen its competitive position, with retail lending and deposit mobilization as key focus areas under Saha's leadership.
- •Saha's appointment follows a period of regulatory scrutiny on the bank's digital banking operations and comes as Kotak seeks to become India's third-largest private lender.
Key Questions Answered
Anup Kumar Saha has been appointed as the next Managing Director and Chief Executive Officer of Kotak Mahindra Bank following approval from the Reserve Bank of India.
Anup Kumar Saha will begin his three-year term as CEO on January 1, 2027, taking over after Ashok Vaswani's tenure ends on December 31, 2026.
Saha brings extensive experience in retail banking and financial services, having spent more than eight years at Bajaj Finance as Managing Director and CEO and over a decade handling businesses at ICICI Bank.
