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RBI Approves Anup Saha as New MD & CEO of Kotak Mahindra Bank; Stock in Focus
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CNBC TV18•01-10-2026, 08:33
RBI Approves Anup Saha as New MD & CEO of Kotak Mahindra Bank; Stock in Focus
- •The Reserve Bank of India (RBI) has approved Anup Kumar Saha as the next MD & CEO of Kotak Mahindra Bank Ltd. for a three-year term, effective January 1, 2027.
- •Saha will succeed Ashok Vaswani, who announced his decision not to seek reappointment due to personal reasons.
- •Saha joined Kotak Mahindra Bank in January 2026 and has served as Whole-time Director and Executive Director, overseeing key banking functions.
- •Prior to Kotak Mahindra Bank, Saha held various leadership roles at Bajaj Finance for nearly a decade, including MD & CEO.
- •The appointment confirms a CNBC-TV18 newsbreak, with shares of Kotak Mahindra Bank closing 2.2% higher on Wednesday.
Key Questions Answered
The Reserve Bank of India approved Anup Kumar Saha as the new MD and CEO of Kotak Mahindra Bank.
Anup Saha will take over on January 1, 2027, for a three-year term, replacing outgoing MD and CEO Ashok Vaswani.
Prior to joining Kotak Mahindra Bank in January 2026, Saha had a nearly decade-long stint at Bajaj Finance, holding various senior roles including Managing Director and CEO until July 2025.
