Kotak Mahindra Bank has announced the appointment of Mr. Anup Kumar Saha as a Whole-time Director (Executive Director) and Key Managerial Personnel, effective March 6, 2026. This change follows approval from the Reserve Bank of India (RBI). Mr. Saha, who brings over 32 years of experience, previously held top leadership roles at Bajaj Finance Limited (BFL) and ICICI Bank, focusing on consumer banking and digital initiatives.
Board Update: New Whole-time Director Appointed
Kotak Mahindra Bank has officially notified exchanges regarding an update concerning its leadership structure, following regulatory clearance. The Reserve Bank of India (RBI) provided approval, via a letter dated March 6, 2026, for the appointment of Mr. Anup Kumar Saha to the Board of the Bank.
Effective from March 6, 2026, Mr. Saha is now designated as a Whole-time Director (Executive Director) and is classified as a Key Managerial Personnel of the Bank. Consequent to this new appointment, Mr. Saha has ceased to be classified as a Senior Management Personnel.
Profile Highlights of Mr. Anup Kumar Saha
Mr. Saha possesses a substantial career spanning over 32 years in the financial services sector, with 25 years dedicated to banking and non-banking financial institutions. Prior to his current role, he was associated with Bajaj Finance Limited (“BFL”) from October 2017 to January 2026, where he ascended to the position of Managing Director & CEO (April 2025 to July 2025), overseeing the entire standalone business.
Before BFL, Mr. Saha dedicated 14 years to ICICI Bank Limited (May 2003–June 2017), leading major divisions such as Retail Secured Assets and Credit Cards. Earlier in his career, he worked with GE Capital (1999–2003) and Bharat Heavy Electricals Limited (1991–1995).
Educational Qualifications
Mr. Saha holds a B. Tech degree in Engineering from IIT – Kharagpur and has completed his MBA from IIM – Lucknow.
Information Dissemination
This vital corporate announcement is being made available for public access on the Bank’s official website under the investor relations governance section.
Source: BSE
