Kotak Mahindra Bank500247Banking
RBI approved Anup Kumar Saha's appointment as Kotak Mahindra Bank's next MD and CEO, succeeding Ashok Vaswani
- New CEO tenure
- 3 years
Heard on business television between 16:07:43 - 16:10:43 IST.
- Saha's three-year term begins 1st January 2027, succeeding Ashok Vaswani whose term ends 31st December.
- Vaswani had earlier resigned, saying he would not seek reappointment for personal reasons.
- Saha has over three decades of financial services experience, including stints at Bajaj Finance (MD and CEO) and ICICI Bank; he joined Kotak Mahindra Bank in January 2026 and was whole-time director since March.
- CNBC-TV18 said it had first reported this appointment process in June, with follow-up in August.
- Stock reacted positively at the start of trading but gave up gains in line with overall market sentiment.
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Source: Live TV News Channel · 1 Oct 2026
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