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Anup Kumar Saha Appointed Kotak Mahindra Bank CEO, Succeeding Ashok Vaswani in 2027
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Firstpost•01-10-2026, 08:43
Anup Kumar Saha Appointed Kotak Mahindra Bank CEO, Succeeding Ashok Vaswani in 2027
- •The Reserve Bank of India has approved Anup Kumar Saha as the next Managing Director and Chief Executive Officer of Kotak Mahindra Bank, effective January 1, 2027, for a three-year term.
- •Saha will take over from Ashok Vaswani, whose current term ends on December 31, 2026; Vaswani announced in June he would not seek reappointment due to personal reasons.
- •Saha joined Kotak Mahindra Bank in January 2026 and currently oversees the bank's retail banking, government business, data analytics, and market functions as a whole-time and executive director.
- •He brings extensive experience from Bajaj Finance, where he held senior positions including MD and CEO, before joining Kotak Mahindra Bank.
- •Saha's appointment follows a rigorous selection process and is expected to help Kotak Mahindra Bank maintain its growth momentum and strengthen its position in India's private lending sector, particularly in retail banking.
Key Questions Answered
The Reserve Bank of India approved Anup Kumar Saha as the next managing director and chief executive officer of Kotak Mahindra Bank for a three-year term starting January 1, 2027.
Ashok Vaswani is stepping down for personal reasons, including the arrival of his grandchild, after deciding not to seek reappointment when his current term ends on December 31, 2026.
Anup Kumar Saha brings extensive experience in consumer finance, having spent more than eight years at Bajaj Finance where he served in senior positions, including managing director and CEO before resigning in July 2025.
