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RBI approves Anup Kumar Saha as Kotak Mahindra Bank MD-CEO
The appointment runs for three years and starts on 1 January 2027, replacing Ashok Vaswani.
The Reserve Bank of India has approved Anup Kumar Saha as the new managing director and CEO of Kotak Mahindra Bank for a three-year term, effective 1 January 2027.
Saha, who joined Kotak Mahindra Bank in January 2026, currently serves as a whole-time director and will take over from Ashok Vaswani.
LiveMint Markets reports the leadership transition was expected after Vaswani was appointed an executive director of the bank, and it highlights endorsements for the move from chairman C. S. Rajan and the outgoing MD and CEO, Ashok Vaswani.
The article says Saha has more than 32 years of experience, including 25 years across financial services in banking and non-banking financial institutions, and notes brokerage firm PL Capital remains optimistic, raising its target share price while focusing on concerns around loan growth and capital utilization.