- Kotak Mahindra has received approval from the Reserve Bank of India (RBI) to appoint Anup Kumar Saha as its new Managing Director and Chief Executive Officer (MD & CEO).
- The RBI has greenlit his appointment, effective October 1, 2026.
- Anup Kumar Saha’s three-year term will commence on January 1, 2027. He will succeed the incumbent MD & CEO, Ashok Vaswani, whose tenure concludes on December 31, 2026.
- Saha joined Kotak Mahindra Bank in January 2026 and was appointed as a Whole-time Director (Executive Director).
- Since March 2026, he has been overseeing the bank's retail banking, data analytics, and marketing operations.
- Prior to joining Kotak Mahindra Bank, Saha held senior leadership roles at Bajaj Finance.
- Additionally, he served at ICICI Bank for approximately 14 years. Given his extensive experience, he is now being entrusted with the responsibility of the bank's top leadership.
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