RBI approved Anup Kumar Saha's appointment as new MD and CEO of Kotak Mahindra Bank for a five-year term (later referenced as three years in discussion)

Thu 1 Oct 2026

Appointment term length

5 years

Heard on Live TV News Channel between 08:08:08 - 08:11:08 IST.

• Anup Kumar Saha, previously whole-time director and head of Consumer Banking, Marketing and Data Analytics at Kotak Mahindra Bank, appointed as new MD and CEO.
• Saha earlier spent about a decade and a half at ICICI Bank and also served with Bajaj Finance.
• Analyst Abizer said the appointment reflects banks choosing CEOs based on business strategy fit rather than organizational loyalty, noting Saha's consumer and digital banking background suits where banking is headed.
• Abizer said no major disruption expected in top team or bank strategy, citing Kotak's history of stability under Uday Kotak.
• The pending CEO appointment at HDFC Bank was also discussed, with Abizer saying the same merit-based principle should apply there too.

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.