The recommendations put two existing leaders in the frame to succeed the bank’s current chief executive. According to the report, both Saha and Kashyap hold executive director positions at Kotak. The development concerns the bank’s top leadership role, rather than appointments to their existing posts.

The current CEO’s tenure is due to end on December 31, 2026. That is the stated endpoint of the present term; the report does not give a date for selecting the successor or say when the RBI will respond to the recommendations.

For now, the key distinction is between recommending candidates and confirming an appointment. The report identifies two names submitted for regulatory approval, but does not state that either executive has been chosen as the next CEO. It also does not provide a timetable for a final announcement.

The information is attributed to sources. Beyond the candidates’ names and current designations, the supplied report gives no details about how the bank assessed them or what responsibilities either would take on during a leadership handover.