Kotak Mahindra Bank appoints Anup Kumar Saha as its next managing director and chief executive officer, with the Reserve Bank of India (RBI) clearing the move. Multiple outlets report the appointment is for a three-year term and takes effect on January 1, 2027. Saha succeeds Ashok Vaswani, whose term as CEO ends as the new leadership begins.
Outlets also describe Saha’s current role and areas of responsibility. He joined Kotak Mahindra Bank in January 2026 and is currently a whole-time director (also described as an executive director). The Hindu says he oversees Retail Bank operations along with Data Analytics and Marketing functions, noting his responsibility began in March. Business Line similarly highlights oversight of retail banking, data analytics and marketing. Bloomberg characterizes his background as reflecting broad consumer banking experience as the lender looks to expand in India’s competitive sector.
