RBI approved Anup Kumar Saha as the next MD and CEO of Kotak Mahindra Bank for a three-year term starting January 1, 2027

Thu 1 Oct 2026

Stock gain today

2.5 percent

New CEO term length

3 years

Heard on Live TV News Channel between 11:20:36 - 11:23:36 IST.

• RBI approved Anup Kumar Saha to succeed Ashok Vaswani as MD and CEO of Kotak Mahindra Bank for three years from 1 January 2027.
• This confirmed a CNBC TV18 news break first reported in June, with follow-up in August about the bank submitting names to RBI.
• Vaswani's term ends 31 December 2026; Saha had a decade-long stint at Bajaj Finance including as MD and CEO before joining Kotak as whole-time director since March.
• Saha has over three decades of banking experience with a strong consumer finance background.
• Bank will now seek shareholder approval to complete the formal appointment process; stock gained about 2.5% on the news.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.