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BUSINESS AND ECONOMY - October 2026

Oct 2026

Oct 02, 2026

Anup Kumar Saha appointed Kotak Mahindra Bank MD and CEO

Kotak Mahindra Bank received approval from the Reserve Bank of India in October 2026 for the appointment of Anup Kumar Saha as its Managing Director and Chief Executive Officer. Saha's three-year tenure is scheduled to begin on 1 January 2027. He will succeed Ashok Vaswani, whose term as MD and CEO ends on 31 December 2026. The appointment marks a leadership transition at one of India’s major private-sector banks. Saha previously served in key positions within the bank, including head of corporate and investment banking, and is expected to steer strategy, technology integration, and customer growth. The RBI approval followed a formal governance review by the bank.
  • RBI approves Anup Kumar Saha as Kotak Mahindra Bank MD & CEO in October 2026.
  • Tenure starts 1 January 2027; successor to Ashok Vaswani (ends 31 December 2026).
  • Saha previously led corporate and investment banking at Kotak Mahindra Bank.
  • Expectations include strategic alignment, technology integration, and customer growth.
  • Approval followed internal governance review.
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