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RBI Approves Anup Kumar Saha as Kotak Mahindra Bank's New MD & CEO
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Storyboard•01-10-2026, 08:59
RBI Approves Anup Kumar Saha as Kotak Mahindra Bank's New MD & CEO
- •The Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as the Managing Director & Chief Executive Officer of Kotak Mahindra Bank for three years, effective January 1, 2027.
- •Anup Kumar Saha, currently a Whole-time Director (Executive Director) at Kotak Mahindra Bank, joined the bank in January 2026 and oversees Retail Bank, Data Analytics, and Marketing functions.
- •The Board of Directors will formalize the appointment and seek members' approval in due course.
- •C. S. Rajan, Chairman of Kotak Mahindra Bank, expressed confidence in Saha's leadership to strengthen the franchise and drive sustainable growth.
- •Saha brings over 32 years of professional experience, including 25 years in financial services, with previous leadership roles at Bajaj Finance Limited and ICICI Bank Limited.
Key Questions Answered
The Reserve Bank of India approved the appointment of Anup Kumar Saha as the Managing Director & Chief Executive Officer of Kotak Mahindra Bank for a three-year term starting January 1, 2027.
Anup Kumar Saha currently serves as a Whole-time Director and Executive Director at Kotak Mahindra Bank, where he has overseen the Retail Bank, Data Analytics, and Marketing functions.
Anup Kumar Saha has over 32 years of experience, including 25 years in financial services, which includes senior leadership roles at Bajaj Finance Limited where he served as Managing Director & CEO, as well as 14 years at ICICI Bank Limited.
