Who Is Anup Kumar Saha, Kotak Mahindra Bank’s New CEO?
The board will seek shareholder approval as Saha prepares to succeed Ashok Vaswani after 32 years in banking, including 25 in financial services.
- On Thursday, the Reserve Bank of India approved Anup Kumar Saha as the next Managing Director and Chief Executive Officer of Kotak Mahindra Bank Ltd. for a three-year term effective January 1, 2027.
- Saha will succeed Ashok Vaswani, who has led the private sector lender since January 2024, with Vaswani concluding his term on December 31, 2026 after not seeking re-appointment due to personal reasons.
- With more than 32 years of professional experience, including 25 years in financial services, Saha previously held senior leadership roles at Bajaj Finance Ltd. and ICICI Bank Ltd.
- The Board will now initiate necessary steps to formalize the appointment and seek shareholder approval, while Saha currently oversees the bank's retail banking, data analytics, and marketing functions.
- As Kotak looks to sustain its growth momentum as India's fourth-largest private bank, Saha said he would focus on deepening customer relationships and building sustainable value for stakeholders.
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Kotak Mahindra Bank shares climb 4% after naming new MD, CEO
Kotak Mahindra Bank shares climbed more than 4% in morning deals on the BSE on Thursday after the company announced the appointment of a new MD and CEO. The stock has gained over 21% in the last six months compared to a 1% drop in the Sensex.
Anup Kumar Saha to be next MD & CEO of Kotak Mahindra Bank; RBI clears appointment
Anup Saha, who joined the bank in January 2026, is currently Whole-time Director (Executive Director) of Kotak Mahindra Bank. He has overseen the Retail Bank, Data Analytics and Marketing functions since March
Who is Anup Kumar Saha, Kotak Mahindra Bank’s new CEO?
Anup Kumar Saha has been appointed as the next Managing Director and CEO of Kotak Mahindra Bank. His term will commence on January 1, 2027, following Reserve Bank of India's approval. Currently a whole-time director, Saha brings over 32 years of experience in banking and financial services. He aims to enhance customer relationships and create sustainable value for stakeholders. The bank will seek shareholder approval to formalize his appointment.
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