Anup Kumar Saha
Whole-time Director; MD and CEO-designate (from 1 January 2027), Kotak Mahindra Bank
BTech, IIT Kharagpur; MBA, IIM Lucknow
About
Anup Kumar Saha is a whole-time (executive) director of Kotak Mahindra Bank and will become its managing director and chief executive on 1 January 2027 for a three-year term, after the Reserve Bank of India approved his appointment in September 2026. He joined Kotak in January 2026 and since March 2026 has overseen its retail bank, data analytics and marketing functions. Saha has more than 32 years of work experience, 25 of them in banking and non-bank finance. He joined Bajaj Finance in 2017 and held a series of senior roles there, ending as managing director; he resigned that post in July 2025, citing personal reasons, about four months after taking it. Before that he spent 14 years at ICICI Bank, rising to senior general manager and running businesses and functions including retail secured assets, credit cards, business intelligence, retail and rural collections and retail structured finance; he also sat on the boards of ICICI's housing finance company and TU CIBIL. Earlier he worked at GE Capital in cards, sales and analytics, and in production engineering at Bharat Heavy Electricals. He holds a BTech from IIT Kharagpur and an MBA from IIM Lucknow.
Saha will succeed Ashok Vaswani as Kotak's managing director and CEO. Announcing the RBI approval, chairman C S Rajan said Saha had already been closely involved in the bank's businesses, and Vaswani described him as a seasoned financial services leader. Saha said he would focus on deepening customer relationships, steady execution and building long-term value for shareholders. Kotak's board is to take further steps to formalise the appointment and seek shareholder approval. At Bajaj Finance he was credited with launching new initiatives and widening customer reach; Rajeev Jain returned as managing director after his exit.
Source: businesstoday.in
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