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Anup Kumar Saha to Lead Kotak Mahindra Bank as New MD & CEO from 2027
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CNBC Awaaz•01-10-2026, 08:55
Anup Kumar Saha to Lead Kotak Mahindra Bank as New MD & CEO from 2027
- •The Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as the new Managing Director and Chief Executive Officer of Kotak Mahindra Bank.
- •Saha's appointment will be effective from January 1, 2027, for a period of three years, replacing current MD & CEO Ashok Vaswani.
- •Anup Kumar Saha currently serves as a Whole-Time Director (Executive Director) at Kotak Mahindra Bank, overseeing Retail Bank, Data Analytics, and Marketing.
- •He brings over 32 years of professional experience, including 25 years in banking and non-banking financial services, with previous roles at Bajaj Finance and ICICI Bank.
- •Saha holds a B.Tech from IIT Kharagpur and an MBA from IIM Lucknow, and his extensive experience is welcomed by Bank Chairman C. S. Rajan.
Key Questions Answered
Anup Kumar Saha has been approved by the Reserve Bank of India to serve as the new Managing Director and Chief Executive Officer of Kotak Mahindra Bank. His three-year term is effective from January 1, 2027.
Anup Kumar Saha will succeed the current Managing Director and CEO, Ashok Vaswani, who decided not to seek re-appointment when his term expires.
Anup Kumar Saha brings over 32 years of professional experience in banking and financial services, including senior leadership roles at Bajaj Finance and ICICI Bank. He holds a B.Tech from IIT Kharagpur and an MBA from IIM Lucknow.
