Kotak Mahindra Bank appoints Anup Kumar Saha as whole-time Director

Kotak Mahindra Bank has appointed Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Until such approvals are granted, Saha will serve as Whole-time Director (Designate) and join the bank’s Senior Management team from January 12, 2026.

Saha will oversee consumer banking and digital functions at Kotak, strengthening the bank’s customer-centric approach, digital innovation, and data-driven strategies.

He most recently served as Managing Director at Bajaj Finance Limited, where he spent eight years helping transform the company into one of India’s leading and most profitable non-banking financial companies (NBFCs) in consumer finance.

On July 21, 2025, Bajaj Finance announced Saha’s resignation from his roles

as Managing Director and Director on the company’s board, citing personal reasons, effective the same day.

During his tenure, he expanded the customer base to 100 million and diversified the product portfolio through digital innovation and customer-focused strategies.

Earlier, Saha spent 14 years at ICICI Bank in senior leadership roles, developing expertise in consumer and retail banking, data analytics, and digital transformation.

CS Rajan, Chairman of Kotak Mahindra Bank, said, “Saha's leadership in scaling businesses, driving digital transformation, and building customer-centric organisations will be invaluable as we continue to strengthen our position in the financial sector.”

Ashok Vaswani, MD & CEO of Kotak Mahindra Bank, added, “Saha's extensive understanding of retail finance, data-driven growth, and innovation will help us accelerate our strategy and deliver even greater value to our customers.”

Commenting on his appointment, Anup Kumar Saha said, “I look forward to working with the leadership team to build on this strong foundation, drive innovation, deepen customer relationships, and create value for all stakeholders.”