Kotak Mahindra Bank on Thursday said the Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as the bank’s Managing Director and Chief Executive Officer (MD & CEO) for a three-year term beginning January 1, 2027.
The bank’s Board of Directors will initiate the required steps to formalise the appointment and seek members’ approval. Saha is currently Whole-time Director (Executive Director) at Kotak Mahindra Bank. He joined the bank in January 2026 and has overseen the Retail Bank, Data Analytics and Marketing functions since March.
Kotak Mahindra Bank Chairman C. S. Rajan said Saha brings extensive experience across banking and financial services and would focus on strengthening the franchise and pursuing sustainable growth. Outgoing MD & CEO Ashok Vaswani described Saha as a seasoned financial services leader with experience across businesses and customer segments.
Saha has more than 32 years of professional experience, including 25 years in financial services. Before joining Kotak, he was Managing Director and CEO of Bajaj Finance. He previously spent 14 years at ICICI Bank and also worked with GE Capital and BHEL.
In Kolkata, the leadership transition could be closely watched by the bank’s corporate, retail and financial-services customers in the city, particularly as Kotak continues to focus on customer relationships and sustainable growth.
Saha holds a B.Tech from IIT Kharagpur and an MBA from IIM Lucknow.