Anup Kumar Saha Named Kotak Mahindra Bank MD and CEO from January 2027

2 October 2026National

Kotak Mahindra Bank named Anup Kumar Saha its Managing Director and Chief Executive Officer for three years from 1 January 2027, succeeding Ashok Vaswani. The appointment requires Reserve Bank of India approval under the Banking Regulation Act, 1949. In parallel private-bank changes, Mahesh Muralidhar Pai took charge as MD and CEO of South Indian Bank on 1 October 2026 for a three-year term, replacing P R Seshadri, while Lavanya R Mundayur became Chairman-cum-Managing Director of the state-owned New India Assurance, with a tenure running to 31 May 2029.

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Kotak Mahindra Bank is headquartered in Mumbai and was the first NBFC in India to convert into a bank, in 2003 | South Indian Bank, founded in 1929, is headquartered at Thrissur, Kerala | New India Assurance, founded in 1919 by Dorabji Tata, is India's largest general insurer and is based in Mumbai

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