Kotak Mahindra Bank has appointed Anup Kumar Saha as Whole-time Director, pending regulatory approvals. Effective January 12, 2026, Saha will join the bank’s Senior Management team as Whole-time Director (Designate). He will be responsible for overseeing consumer banking and digital functions, with a focus on enhancing the bank’s customer-centric approach, digital innovation, and data-driven strategies.
Saha brings a wealth of experience to his new role, having previously served as Managing Director at Bajaj Finance Limited. During his eight-year tenure, he played a key role in transforming the company into one of India’s leading non-banking financial companies (NBFCs) in consumer finance. Under his leadership, the customer base expanded to 100 million, and the product portfolio was diversified through digital innovation and customer-focused strategies.
Prior to his time at Bajaj Finance, Saha spent 14 years at ICICI Bank in senior leadership roles, developing expertise in consumer and retail banking, data analytics, and digital transformation. His extensive understanding of retail finance, data-driven growth, and innovation is expected to help Kotak Mahindra Bank accelerate its strategy and deliver greater value to its customers.
The appointment of Saha has been welcomed by the bank’s leadership, with Chairman CS Rajan stating that his leadership skills will be invaluable in strengthening the bank’s position in the financial sector. MD & CEO Ashok Vaswani added that Saha’s expertise will help drive innovation and deepen customer relationships. Saha himself expressed his enthusiasm for working with the leadership team to build on the bank’s strong foundation and create value for all stakeholders. The appointment is effective from January 12, 2026, and is subject to regulatory approvals.