Two Anups, two IIT-IIM alumni: HDFC Bank, Kotak Mahindra get new CEOs
HDFC Bank appointed Anup Bagchi as MD & CEO effective October 27, succeeding Sashidhar Jagdishan. Simultaneously, Anup Kumar Saha will take over as Kotak Mahindra Bank's chief on January 1, 2027, replacing Ashok Vaswani. Both new CEOs are 55, IIT-IIM alumni, and have backgrounds at ICICI Bank, marking a significant leadership transition in Indian banking.