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RBI Approves Anup Kumar Saha as Kotak Mahindra Bank MD & CEO from 2027
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News18•01-10-2026, 08:35
RBI Approves Anup Kumar Saha as Kotak Mahindra Bank MD & CEO from 2027
- •The Reserve Bank of India (RBI) has approved Anup Kumar Saha's appointment as MD & CEO of Kotak Mahindra Bank for a three-year term, effective January 1, 2027.
- •The approval was granted under Section 35B of the Banking Regulation Act, 1949, with the bank receiving the letter on September 30, 2026.
- •Saha, currently a whole-time director at Kotak Mahindra Bank, oversees retail banking, government business, data analytics, and marketing functions.
- •He brings over 32 years of professional experience, including 25 years in banking and financial services, with previous roles at Bajaj Finance and ICICI Bank.
- •The bank's board will now formalize Saha's appointment, which marks the next phase of leadership transition from current MD & CEO Ashok Vaswani.
Key Questions Answered
The Reserve Bank of India (RBI) approved the appointment of Anup Kumar Saha as the new managing director and chief executive officer of Kotak Mahindra Bank for a three-year term starting January 1, 2027.
Anup Kumar Saha's appointment is for a period of three years, officially taking effect on January 1, 2027, following regulatory approval.
Saha brings over 32 years of professional experience, including 25 years in banking and financial services, with prior senior leadership roles at Bajaj Finance and ICICI Bank.
