RBI Approves Anup Kumar Saha as New MD & CEO for Three Years from January 1, 2027
RBI has approved the appointment of Mr. Anup Kumar Saha as the Bank's new Managing Director & CEO for a period of three years, effective January 1, 2027.
- New MD & CEO Name
- Mr. Anup Kumar Saha
- Appointment Effective Date
- January 1, 2027
- Tenure Duration
- Three years
- Professional Experience
- Over 32 years, of which 25 years in financial services
- RBI Approval Date
- September 30, 2026
What was announced
The Bank informed exchanges that the Reserve Bank of India has approved the appointment of Mr. Anup Kumar Saha as Managing Director & CEO for a period of three years, with effect from January 1, 2027. The approval came via an RBI letter dated September 30, 2026, under Section 35B of the Banking Regulation Act, 1949, based on an application made by the Bank.
About the incoming MD & CEO
- Currently Whole-time Director (Executive Director) of the Bank; joined in January 2026 and has been Executive Director since March 2026.
- Oversees the entire Retail Bank, Government Business, Data Analytics and Marketing function.
- Has over 32 years of professional experience, of which 25 years in financial services.
- Earlier at Bajaj Finance Limited (October 2017 to January 2026), rising to Managing Director & CEO from April 2025 until his resignation in July 2025.
- Spent 14 years at ICICI Bank (May 2003 to June 2017) leading Retail Secured Assets, Business Intelligence, Retail and Rural Collections, Credit Cards and Retail Structured Finance.
- B.Tech from IIT Kharagpur and MBA from IIM Lucknow.
Next steps
The Board of Directors will initiate further steps in due course to formalise the appointment and also seek members' (shareholders') approval.
Why it matters
Leadership succession at a large private bank is closely watched because the MD & CEO sets strategy and execution priorities. Here, the regulator's approval is already in hand and the incoming leader is an internal executive director, which points to continuity in transition. The current MD & CEO, Mr. Ashok Vaswani, is quoted in the Bank's media release welcoming the appointment.
Group context mentioned in the release
- As on 30th June 2026, the Group had a national footprint of 5,916 branches.
- Consolidated Balance Sheet of ₹ 10.1 trillion.
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More numbers
- Term of appointment as MD & CEOthree years
- Total professional experienceover 32 years
- Experience in financial services25 years
- Years at ICICI Bank14 years
- Group branches as on 30th June 20265,916 branches
- Group consolidated balance sheet₹ 10.1 trillion
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