市场对阿努普·库马尔·萨哈（Anup Kumar Saha）被任命为科塔克·马欣德拉银行（Kotak Mahindra Bank）的下一任总经理兼首席执行官（CEO）的反应非常热烈；这一任命将于2027年1月1日正式生效，充分体现了该公告的重要性。专家们认为，这一变动标志着这家总部位于孟买的、市值达90亿美元的银行的战略方向发生了重大转变：从由创始人主导的领导模式向专业化的管理模式过渡已经基本完成。
The market's cheer for Anup Kumar Saha's appointment as the next Managing Director and Chief Executive Officer of Kotak Mahindra Bank, effective January 1, 2027, underscores the announcement's significance. Experts believe it marks some strategic shifts at the $9 billion bank headquartered in Mumbai: the transition from founder-led leadership to a professionally managed institution now looks largely complete."
“如今，银行CEO的任命标准是基于他们的商业计划，而非他们对组织的忠诚度，”NeoStrat Advisors LLP的创始人阿比泽尔·迪万吉（Abizer Diwanji）表示。该公司是一家位于孟买的咨询机构，提供重组、投资银行、争议解决及董事会指导等服务。
Bank CEOs are now being appointed on the basis of business plans rather than loyalties to an organisation," Abizer Diwanji, Founder of NeoStrat Advisors LLP, a Mumbai-based firm that offers advisory in restructuring, investment banking, dispute resolution & board mentorship.
随着管理模式的转变，银行的关注重点也从治理结构转向了业务增长。即将离任的总经理阿肖克·瓦斯瓦尼（Ashok Vaswani）已经证明：即使没有创始人乌达伊·科塔克（Uday Kotak）的领导，银行依然能够正常运作。萨哈的任命表明，董事会希望找到一位能够有效拓展零售银行业务并推动公司执行战略的CEO。
Focus shifts from governance to growthThe outgoing MD, Ashok Vaswani, showed the bank could operate without its iconic founder, Uday Kotak, at the helm. Saha's appointment suggests the board now wants a CEO whose core skill is scaling retail banking and driving execution.
关键数据对比： | 公司 | 市场表现 | 营收增长率 | 股东回报率 | 股价涨幅 | |--------------|----------------|--------------|-------------|-------------| | 科塔克·马欣德拉银行 | 18% | 14% | 6% | 7% | | 巴贾杰金融（Bajaj Finance） | 26% | | | |
MetricKotak Mahindra BankBajaj FinanceTopline growth18%26%Return on equity14%20%Stock price 6%7%Source: ScreenerIndian banks have been stretched thin in recent years by a combination of factors. Credit growth has generally outpaced deposit growth.
来源：Screener近年来，由于多种因素的共同影响，印度银行业面临巨大压力：信贷增长速度普遍快于存款增长速度。客户将资金投向共同基金、股票、债券等金融产品，这迫使银行提高存款利率以吸引资金，从而降低了银行的利润率。
Customers are moving money into mutual funds, equities, bonds, and other financial products, which has forced banks to raise deposit rates to attract funds, at the expense of profit margins.
对于从 Bajaj Finance 转到 Kotak Mahindra Bank 的 Saha 来说，吸引客户存款仍然是一个新的挑战。在加入 Kotak 之前，Saha 曾担任 Bajaj Finance 的总经理兼首席执行官，并帮助该公司发展成为印度最受尊敬的贷款机构之一——该机构以快速获取客户、交叉销售、基于数据分析的贷款决策、深入的消费者金融服务渗透、高效率以及严格的执行流程而闻名。
Luring deposits will still be a new challenge for Saha moving from Bajaj Finance to Kotak Mahindra Bank. Before joining Kotak, Saha rose to be the MD and CEO of Bajaj Finance and helped build one of India's most admired lending franchises, known for rapid customer acquisition, cross-selling, analytics-driven lending, deep consumer-finance penetration, high productivity, and execution discipline."
“在银行业，当前的趋势似乎是利用技术来开展消费银行业务，这也是我们应该努力的方向，”Diwanji 表示。
自 2023 年 3 月以来的公司市值：
HDFC Bank：22.6%
In banking, the immediate flavour seems to be leveraging technology to do consumer banking, and that's where to head," Diwanji added.
ICICI Bank：55.7%
Axis Bank：50%
CompanyMarket capitalisation since March 2023HDFC Bank22.6%ICICI Bank55.7%Axis Bank50%Kotak Bank26.4%It's a sign for peers like HDFC Bank, which is awaiting a leadership change as current CEO Sasidhar Jagdishan's term ends.
Kotak Bank：26.4%对于像 HDFC Bank 这样的同行来说，这无疑是一个重要的信号——因为现任首席执行官 Sasidhar Jagdishan 的任期即将结束，公司正处于领导层更迭的阶段。Diwanji 指出：“我认为需要有人能够解决 HDFC Bank 目前面临的问题，也就是如何扩大净利息利润率以及如何吸引更多存款。顺便说一下，这两者其实是不同的战略目标，都需要同时推进。”
"I think somebody who can deal with HDFC Bank's current business model issue, and we've said that many times over, which is basically expanding net interest margin and getting deposits. These are two separate strategies, by the way.
在追求更快增长的过程中，Saha 还必须应对不断上升的利率，以及监管机构对信用卡和个人贷款等无担保贷款业务的高度关注（即监管机构对这些贷款业务的担忧）。如需查看完整的采访内容，请观看附带的视频。
I think both need to be pursued," Diwanji said. In the pursuit of faster growth, Saha will also have to deal with rising interest rates and the regulators' discomfort with high levels of unsecured lending like credit cards and personal loans. For the full interview, watch the accompanying video