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Kotak Mahindra Bank Shares Jump Over 3% as Anup Kumar Saha Named New MD & CEO
M
Moneycontrol•01-10-2026, 09:21
Kotak Mahindra Bank Shares Jump Over 3% as Anup Kumar Saha Named New MD & CEO
- •Kotak Mahindra Bank shares surged over 3% after the appointment of Anup Kumar Saha as the new Managing Director and CEO.
- •Saha will commence his three-year term on January 1, 2027, succeeding Ashok Vaswani.
- •Currently, Saha serves as a whole-time director, overseeing retail banking, government business, data analytics, and marketing functions.
- •Prior to joining Kotak Mahindra Bank in January 2026, Saha held various senior leadership positions at Bajaj Finance.
Key Questions Answered
Anup Kumar Saha has been named as the new Managing Director and CEO of Kotak Mahindra Bank, taking charge for a three-year term starting January 1, 2027.
Anup Kumar Saha will succeed Ashok Vaswani, who announced he would not seek re-appointment when his term expires.
Before joining Kotak Mahindra Bank in January 2026, Anup Kumar Saha held several senior leadership roles at Bajaj Finance.
