Anup Kumar Saha Named MD & CEO of Kotak Mahindra Bank Starting 2027

The Reserve Bank of India has given the green light for Anup Kumar Saha to assume the role of managing director and chief executive officer of Kotak Mahindra Bank for a three-year period starting Jan. 1, 2027. Currently a whole-time executive director, Saha has been with Kotak since January 2026, managing the retail bank, government business, data analytics and marketing divisions. The bank’s board will now take steps to formalise his appointment and seek approval from its members.

Saha’s career spans more than 32 years, with 25 years in banking and non-banking financial services, most recently holding several senior positions at Bajaj Finance, including a brief tenure as its MD & CEO in 2025. Board chairman C S Rajan highlighted Saha’s extensive sector experience, while managing director Ashok Vaswani noted his familiarity with Kotak’s operations since joining.