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Kotak Mahindra Bank has received Reserve Bank of India approval for the appointment of Anup Kumar Saha as its new Managing Director and CEO, effective January 1, 2027, for a three-year term. In a filing with stock exchanges, the bank said its board of directors will initiate further steps in due course to formalise the appointment and seek shareholder approval.
Saha currently serves as Whole-time Director (Executive Director) of Kotak Mahindra Bank, a role he has held since joining the lender in January 2026. Since March 2026, he has overseen the bank’s Retail Bank, Data Analytics and Marketing functions.
Saha brings over 32 years of professional experience, including 25 years in financial services across banking and non-banking financial institutions. Earlier in his career, he worked at GE Capital across credit cards, sales and analytics, at Bajaj Finance as Managing Director and at Bharat Heavy Electricals Limited in production engineering. Saha succeeds Ashok Vaswani, who joined as Kotak Mahindra Bank’s CEO in 2024.
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