Kotak Mahindra Bank on Thursday appointed Anup Kumar Saha as the new Managing Director & CEO, for a period of three years, with effect from January 1, 2027.

Saha, currently working as an Executive Director of the bank, holds over 32 years of professional experience, of which, 25 years has been in financial services across banking and non–banking financial institutions.

Also read: Who is Anup Kumar Saha, Kotak Mahindra Bank’s new CEO?

Kotak Mahindra Bank's shares opened in the green and were trading 1.6% higher at Rs 424.45 apiece in Mumbai trading, while the broader BSE Sensex was down 0.2% as of 9:20 am.

He joined Kotak Mahindra Bank in January 2026.

In his previous role as a director since March 2026, he used to handle the entire Retail Bank, Government Business, Data Analytics and Marketing function.

Saha worked with Bajaj Finance Limited between 2017 and January 2026 where he progressively held senior roles, starting as President–Consumer Finance, then as Deputy CEO–Consumer, MSME, Marketing, Operations & Service and Digital platform, as Executive Director, Deputy Managing Director and then , as the Managing Director & CEO from April 2025 until his resignation in July 2025.

During his executive directorship roles at BFL, Saha was responsible for the entire standalone business of BFL.

The banking veteran has also spent 14 years at ICICI Bank Limited, where he served in senior roles, leading Retail Secured Assets, Business Intelligence, Retail and Rural Collections, Credit.

Saha has a B. Tech degree in Engineering from IIT Kharagpur and has also completed his MBA from IIM Lucknow.