Private-sector lender Kotak Mahindra Bank announced on Thursday that the Reserve Bank of India (RBI) has sanctioned the appointment of Anup Kumar Saha as its Managing Director and Chief Executive Officer (MD & CEO) for a period of three years, effective from January 1, 2027.
According to a filing made with the stock exchange, the bank's board will proceed with subsequent actions to finalize this appointment and secure approval from its members.
Currently, Saha serves as a full-time director (executive director) at the bank. He began his tenure at Kotak Mahindra Bank in January 2026 and has been functioning as an executive director since March 2026, where he has overseen various departments, including retail banking, government business, data analytics, and marketing.
His professional background encompasses over 32 years of experience, with 25 of those years dedicated to the financial services sector across both banking and non-banking financial institutions.
Prior to joining Kotak Mahindra Bank, Saha was affiliated with Bajaj Finance from October 2017 until January 2026. During his time there, he held multiple senior roles, such as president-consumer finance, deputy CEO-consumer, MSME, marketing, operations & service and digital platform, executive director, and deputy managing director. He served as the managing director and CEO of Bajaj Finance starting in April 2025, resigning in July 2025.
C S Rajan, who is the chairman of the board of Kotak Mahindra Bank, commented that Saha brings substantial expertise spanning banking and financial services and was already actively involved in the bank's operations in his present capacity.
Furthermore, Ashok Vaswani, the managing director and CEO of Kotak Mahindra Bank, stated that Saha possesses experience across different business areas, customer segments, and operational functions, noting that he has collaborated closely with the bank's teams since joining Kotak.
