Kotak Mahindra Bank Appoints Anup Kumar Saha as New MD & CEO Effective Jan 1, 2027
Kotak Mahindra Bank has received RBI approval to appoint Anup Kumar Saha as its new Managing Director & CEO for a three-year term starting January 1, 2027. Saha, currently an Executive Director, brings over 32 years of experience in financial services.
The appointment of a Managing Director & CEO is a significant leadership change that will shape the future strategic direction and operations of the bank.
The appointment of a new MD & CEO with extensive experience is generally viewed positively for the bank's future growth and stability.
Kotak Mahindra Bank Limited has announced that the Reserve Bank of India (RBI) has approved the appointment of Mr. Anup Kumar Saha as the new Managing Director & CEO of the Bank. The approval was received via an RBI letter dated September 30, 2026. Mr. Saha's appointment is for a period of three years, with effect from January 1, 2027.
Mr. Saha currently serves as a Whole-time Director (Executive Director) of the Bank and has over 32 years of professional experience, including 25 years in financial services. He joined Kotak Mahindra Bank in January 2026 and oversees the Retail Bank, Government Business, Data Analytics, and Marketing functions. Prior to joining Kotak, he held significant leadership positions at Bajaj Finance Limited and ICICI Bank Limited.
The Board of Directors will initiate further steps to formalize this appointment and seek member approval. This announcement is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is also available on the Bank's website.
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Kotak Mahindra Bank Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Kotak Mahindra Bank Limited. Read the original for the full detail.