The Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as the Managing Director & Chief Executive Officer (MD & CEO) of Kotak Mahindra Bank for a three-year term, effective 1 January 2027. He will succeed Ashok Vaswani, whose term ends on 31 December 2026.
Saha is currently a Whole-time Director (Executive Director) at Kotak Mahindra Bank. He joined the bank in January 2026 and has been overseeing Retail Banking, Government Business, Data Analytics and Marketing.
He has over 32 years of professional experience, including about 25 years in financial services. Before joining Kotak, he held senior positions at Bajaj Finance and ICICI Bank. He also worked with GE Capital and Bharat Heavy Electricals Ltd. (BHEL) earlier in his career.
Key Takeaways
- Appointed: Anup Kumar Saha
- Position: MD & CEO, Kotak Mahindra Bank
- Term: 3 years
- Effective from: 1 January 2027
- Predecessor: Ashok Vaswani
- RBI approval: Received on 30 September 2026
- Current role: Whole-time Director, Kotak Mahindra Bank
- Experience: 32+ years overall; 25 years in financial services
- Previous organisations: Bajaj Finance, ICICI Bank, GE Capital, BHEL
- Education: B.Tech, IIT Kharagpur; MBA, IIM Lucknow