2 hrs ago
RBI Approves Anup Kumar Saha as Kotak Mahindra Bank CEO
The Reserve Bank of India has approved Anup Kumar Saha to become the next Managing Director and CEO of Kotak Mahindra Bank.
Saha already works at the bank as a Whole-time Director and Executive Director.
He joined Kotak in January 2026.
Since March 2026, he has managed retail banking, data analytics and marketing.
Saha has worked for more than 32 years.
Much of his career was in banking and financial services.
Before Kotak, he led Bajaj Finance Limited and worked at ICICI Bank Limited.
Kotak’s board and current CEO said they believe he can help the bank grow responsibly.
The Reserve Bank of India approved Anup Kumar Saha’s appointment as Kotak Mahindra Bank’s Managing Director and CEO.
Saha is currently a Whole-time Director and Executive Director at Kotak Mahindra Bank.
He joined the bank in January 2026 and has overseen retail banking, data analytics and marketing since March 2026.
Saha has more than 32 years of professional experience, including 25 years in financial services.
He previously served as Managing Director and CEO of Bajaj Finance Limited and held senior roles at ICICI Bank Limited.
- Who
- Anup Kumar Saha, with support from Kotak Mahindra Bank’s board and current CEO Ashok Vaswani.
- What
- The Reserve Bank of India approved Saha’s appointment as Managing Director and CEO of Kotak Mahindra Bank.
- Where
- Kotak Mahindra Bank.
- When
- The approval date is not specified; Saha joined Kotak in January 2026 and has overseen additional functions since March 2026.
- Why
- The bank said Saha is expected to build on its foundations, strengthen customer relationships and pursue sustainable growth.
Key facts
- Appointee
- Anup Kumar Saha
- Role
- Managing Director and CEO of Kotak Mahindra Bank
- Current position
- Whole-time Director and Executive Director at Kotak Mahindra Bank
- Kotak tenure
- Joined in January 2026
- Experience
- More than 32 years professionally, including 25 years in financial services
- Previous leadership
- Managing Director and CEO of Bajaj Finance Limited
- Education
- B.Tech from IIT Kharagpur and MBA from IIM Lucknow
Quotes
Ashok Vaswani
Present Managing Director and CEO of Kotak Mahindra Bank
“Anup is a seasoned financial services leader with deep experience across businesses, customer segments and operating functions. Since joining Kotak, he has worked closely with our teams and demonstrated a clear understanding of the opportunities ahead. I am confident that Anup will build on Kotak’s strong foundations, deepen its customer relationships and lead the Bank forward with purpose and discipline. I wish him every success.”
businesstoday.in
C. S. Rajan
Chairman of the Board of Kotak Mahindra Bank
“We welcome the Reserve Bank of India’s approval. Anup brings with him extensive experience across banking and financial services and has already been actively engaged with the Bank’s businesses in his current role. As the Bank continues to build on its strong foundations we look forward to Anup’s leadership in strengthening the franchise and in pursuing sustainable growth. On behalf of the Board, I wish Anup every success in leading Kotak into its next phase of growth.”
businesstoday.in
Sources
Related news
RBI Approves Anup Kumar Saha as Kotak Bank CEO
Kotak Mahindra Bank Shares Rise After Anup Saha CEO Announcement
HDFC Bank Appoints Jimmy Tata Executive Director Pending RBI Approval
Kotak Mahindra Bank commercial banking chief Manish Kothari quits
HDFC Bank Weighs Bharucha, External Candidates for CEO
Private Banks Begin Leadership Searches Amid CEO Succession Shift
