Kotak Mahindra Bank names Anup Kumar Saha as MD and CEO

Kotak Mahindra Bank has appointed Anup Kumar Saha as its Managing Director and Chief Executive Officer (MD & CEO) for a three-year term starting January 1, 2027.

Saha, who  joined Kotak Mahindra Bank in January 2026, will succeed Ashok Vaswani, whose term as CEO ends on December 31.

Saha currently serves as an Executive Director at the bank and brings more than 32 years of professional experience, including around 25 years in the banking and financial services sector.

As part of his current responsibilities, Saha oversees the Retail Bank, Government Business, Data Analytics and Marketing functions.

Before joining Kotak Mahindra Bank, Saha spent nearly nine years at Bajaj Finance, where he held several senior positions. His roles included President-Consumer Finance, Deputy CEO, Executive Director, Deputy Managing Director and Managing Director & CEO. He served as MD & CEO of Bajaj Finance from April 2025 until his resignation in July 2025.

During his tenure in executive leadership roles at Bajaj Finance, Saha was responsible for the company's standalone business.

Earlier, Saha spent around 14 years at ICICI Bank, where he held senior positions across areas including retail secured assets, business intelligence, retail and rural collections, and credit.

Saha holds a BTech in Engineering from IIT Kharagpur and an MBA from IIM Lucknow.