Kotak Mahindra Bank Ltd has announced that the Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as the Bank’s Managing Director & Chief Executive Officer (MD & CEO) for a three-year term effective January 1, 2027.
The Board of Directors will initiate further steps to formalise the appointment and seek members’ approval.
Saha currently serves as executive director
Saha is currently Whole-time Director (Executive Director) of Kotak Mahindra Bank. He joined the Bank in January 2026 and, since March 2026, has been overseeing the Retail Bank, Data Analytics and Marketing functions.
Kotak Mahindra Bank Chairman of the Board C S Rajan said the Board welcomed the RBI’s approval and that Saha brings extensive experience across banking and financial services.
“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,” Rajan said.
Kotak Mahindra Bank Managing Director & CEO Ashok Vaswani said Saha is a seasoned financial services leader with 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,” Vaswani said.
Over 32 years of professional experience
Saha has more than 32 years of professional experience, including 25 years in financial services across banking and non-banking financial institutions.
Before joining Kotak Mahindra Bank, he held a series of senior leadership positions at Bajaj Finance Ltd, culminating in his appointment as Managing Director & CEO.
Prior to Bajaj Finance, Saha spent 14 years at ICICI Bank, where he led businesses and functions covering Retail Secured Assets, Business Intelligence, Retail and Rural Collections, Credit Cards and Retail Structured Finance.
Earlier in his career, he worked with GE Capital across credit cards, sales and analytics, and with Bharat Heavy Electricals Ltd in production engineering.
Saha to lead Kotak from January
Saha said he was grateful to the Board for the trust placed in him and looked forward to leading Kotak Mahindra Bank.
“Kotak has a strong franchise, a trusted brand and talented teams across the organisation. I look forward to working with my colleagues to deepen customer relationships, tirelessly execute and build sustainable value for shareholders and all our stakeholders,” Saha said.
He added that the Bank would remain focused on “doing the right thing and getting it right by the customer”.
Saha holds a B.Tech degree in Engineering from IIT Kharagpur and an MBA from IIM Lucknow.