Kotak Mahindra Bank has appointed Anup Kumar Saha as its Managing Director and Chief Executive Officer, following approval from the Reserve Bank of India (RBI), Reuters reported.
Saha will assume the role for a three-year term starting January 1, 2027, succeeding Ashok Vaswani, whose tenure as the bank’s CEO is set to conclude on December 31, 2026.
Saha joined Kotak Mahindra Bank in January 2026 and currently oversees the lender’s retail banking business, government business, data analytics and marketing functions.
His appointment comes less than a year after joining the bank and as Kotak Mahindra Bank focuses on expanding its retail banking operations and deposit base.
Vaswani took over as Managing Director and CEO in January 2024, succeeding Uday Kotak, who founded Kotak Mahindra Bank and stepped down from the role in September 2023.
