{
  "id": 11317656,
  "title": "Two Anups, two IIT-IIM alumni: HDFC Bank, Kotak Mahindra get new CEOs",
  "url": "https://urgent.news/2026/10/02/two-anups-two-iit-iim-alumni-hdfc-bank-kotak-mahindra-get-new-ceos",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T00:33:49.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/day-of-anups-at-hdfc-and-kotak-with-much-in-common-in-banking/articleshow/134629792.cms"
  },
  "original_language": "en",
  "account": "Two private banks, HDFC Bank and Kotak Mahindra Bank, announced the appointment of new CEOs named Anup on Thursday. Both individuals are veterans of ICICI Bank, IIT-IIM alumni, and share the same age and background. Anup Bagchi will become the new MD & CEO of HDFC Bank starting October 27, 2023, succeeding Sashidhar Jagdishan, while Anup Kumar Saha will lead Kotak Mahindra Bank from January 1, 2027, replacing Ashok Vaswani. Bagchi will be the first outsider to lead HDFC Bank since its establishment in 1994 and will focus on loan growth, credit-deposit dynamics, and extracting synergies from the HDFC merger. Saha, currently a whole-time director at Kotak, has over 32 years of experience and will steer the bank towards sustainable growth.",
  "summary": null,
  "key_points": [
    "Anup Bagchi appointed as new MD & CEO of HDFC Bank on Oct 27, 2023",
    "Anup Kumar Saha to lead Kotak Mahindra Bank from Jan 1, 2027",
    "Both Anups are IIT-IIM alumni and former ICICI Bank executives"
  ],
  "editors_take": "The appointments of Anup Bagchi and Anup Kumar Saha as CEOs of HDFC Bank and Kotak Mahindra Bank mark a shift in leadership, with both outsiders bringing ICICI Bank experience to their new roles.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}