Kotak Mahindra Bank Appoints Anup Kumar Saha as MD & CEO

Kotak Mahindra Bank Ltd has received approval from the Reserve Bank of India (RBI) for the appointment of Mr. Anup Kumar Saha as the new Managing Director & CEO. The approval, granted via RBI's letter dated September 30, 2026, is effective for a period of three years from January 1, 2027. Mr. Saha, currently the Whole-time Director (Executive Director) of the bank, brings over 32 years of professional experience in financial services, including significant tenures at Bajaj Finance Limited and ICICI Bank. The bank's Board of Directors will initiate further steps to formalize the appointment and seek member approval.