Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as Whole-time Director, effective January 12, 2026, subject to regulatory approvals. He will oversee Consumer Banking, Marketing, and Data Analytics, driving customer-centric transformation and digital innovation. Previously at Bajaj Finance, Saha brings extensive experience in consumer finance and digital strategies to Kotak Mahindra Bank.
Leadership Team Strengthened
Kotak Mahindra Bank has appointed Anup Kumar Saha as Whole-time Director. This appointment, announced on January 12, 2026, is subject to regulatory approvals. Pending approval, Saha will serve as Whole-time Director (Designate) and will be part of the Senior Management team from January 12, 2026.
Saha’s Background and Responsibilities
Anup Kumar Saha most recently served as Managing Director at Bajaj Finance. Over eight years, he played a key role in transforming the company into a leading consumer finance NBFC in India. He spearheaded business transformation, digital innovation, and customer-focused strategies, expanding the customer base to 100 million and diversifying the product portfolio.
Prior to Bajaj Finance, Saha spent 14 years at ICICI Bank in senior leadership roles. He built expertise in consumer and retail banking, data analytics, and digital transformation.
Strategic Focus
At Kotak Mahindra Bank, Anup Kumar Saha will oversee Consumer Banking, Marketing, and Data Analytics functions. The bank aims to reinforce its leadership and drive customer-centric transformation, digital innovation, and data-led strategies.
Executive Commentary
CS Rajan, Chairman of the Board, Kotak Mahindra Bank, stated, “We are delighted to welcome Anup to Kotak’s Board. His leadership in scaling businesses, driving digital transformation and building customer-centric organizations will be invaluable as we continue to strengthen our position in the financial sector.”
Ashok Vaswani, MD & CEO, Kotak Mahindra Bank, added, “Anup’s appointment underscores Kotak’s commitment to building a market-leading financial services business and a strong bench of experienced leaders. His extensive understanding of retail finance, data-driven growth and innovation will help us accelerate our strategy and deliver even greater value to our customers.”
Anup Kumar Saha said, “I am excited and honored to join Kotak, one of India’s most trusted financial services conglomerate. 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.”
Source: BSE
