RBI Approves Anup Kumar Saha as Kotak Mahindra Bank CEO

The Reserve Bank of India approved the appointment of Anup Kumar Saha as the Managing Director and Chief Executive Officer of Kotak Mahindra Bank on September 30, 2026. Saha will begin a three-year term on January 1, 2027, succeeding Ashok Vaswani. The appointment remains subject to final shareholder approval.

Saha joined the bank as a whole-time director in January 2026 and possesses more than 32 years of experience in financial services. His professional background includes leadership roles at Bajaj Finance and senior positions at ICICI Bank.

Kotak Mahindra Bank Chairman C S Rajan stated that Saha's experience will help strengthen the franchise and pursue sustainable growth. Saha expressed that he is "delighted to have the opportunity to lead Kotak Mahindra Bank."