Kotak Mahindra Bank appoints Anup Kumar Saha as new MD and CEO for a three-year term from January 1, 2027. Know his experience, role and key priorities.

Kotak Mahindra Bank has announced Anup Kumar Saha as its new Managing Director and Chief Executive Officer (MD & CEO). His three-year tenure will begin on January 1, 2027, according to the bank’s regulatory filing.

Saha currently serves as an Executive Director and Whole-Time Director at Kotak Mahindra Bank. His appointment marks a key leadership change for the private sector lender.

Anup Kumar Saha’s New Role at Kotak Mahindra Bank

Anup Kumar Saha joined Kotak Mahindra Bank in January 2026. In his current position, he is responsible for several important business areas, including the bank’s retail banking operations, government business, data analytics and marketing functions.

With extensive experience in financial services, Saha has previously held multiple leadership positions across the banking and finance industry.

Saha’s Experience at Bajaj Finance

Before moving to Kotak Mahindra Bank, Saha was associated with Bajaj Finance, where he handled a range of senior management responsibilities.

His professional experience spans different segments of financial services, giving him exposure to retail lending, business operations, digital initiatives and customer-focused businesses.

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Ashok Vaswani Congratulates Saha

Kotak Mahindra Bank’s current MD and CEO Ashok Vaswani welcomed the appointment and expressed confidence in Saha’s ability to lead the organisation.

Vaswani said that under Saha’s leadership, the bank is expected to further strengthen its customer relationships while continuing to operate with focus and discipline. He also wished Saha success in his new position.

Anup Kumar Saha Shares His Vision

After being appointed as the new MD and CEO, Saha thanked the bank’s board for the confidence placed in him.

He said that Kotak Mahindra Bank has a strong franchise, an established brand and capable teams across the organisation. According to Saha, his priorities will include strengthening customer relationships, effective execution and creating sustainable value for shareholders and other stakeholders.

He also stressed the importance of keeping customers at the centre of the bank’s decisions and operations.

When Will Anup Kumar Saha Take Charge?

Anup Kumar Saha will officially assume the role of Managing Director and CEO of Kotak Mahindra Bank from January 1, 2027. His appointment is for a period of three years.

The leadership transition comes as Kotak Mahindra Bank continues to focus on strengthening its retail franchise, customer relationships and technology-driven banking operations.