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Kotak Bank Gets RBI Nod for Anup Kumar Saha as MD & CEO; Nifty Faces Eighth Weekly Loss
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CNBC TV18•01-10-2026, 08:09
Kotak Bank Gets RBI Nod for Anup Kumar Saha as MD & CEO; Nifty Faces Eighth Weekly Loss
- •Kotak Bank receives RBI approval to appoint Anup Kumar Saha as MD & CEO.
- •Nifty 50 is set for its eighth consecutive weekly loss in a truncated trading week.
- •The Nifty has declined for three consecutive days, struggling to hold the week's low of 22,569.
- •The new month and quarter begin, with business updates and September auto sales figures expected soon.
- •Brent Crude December contracts are below $100 a barrel, while bond yields sold off sharply on Wall Street.
Key Questions Answered
The Nifty 50 has declined across all three days of the week, putting the index on track for its eighth consecutive weekly loss while fighting to hold the 22,569 low.
Anup Kumar Saha has over 32 years of professional experience, including 25 years in financial services across banking and non-banking institutions, and previously worked at Bajaj Finance from October 2017 to January 2026.
Managing Director and Chief Executive Officer Ashok Vaswani confirmed he would not seek re-appointment when his current term expires on December 31, 2026, citing personal reasons.
