Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Saha will join the bank’s senior management team on January 12, 2026, and will be responsible for overseeing consumer banking, marketing, and data analytics functions. He brings with him a wealth of experience in the financial sector, having previously served as Managing Director at Bajaj Finance, where he played a key role in transforming the company into one of India’s leading consumer finance NBFCs.
During his eight-year tenure at Bajaj Finance, Saha led business transformation, digital innovation, and customer-focused strategies, expanding the customer base to 100 million and diversifying the product portfolio. Prior to joining Bajaj Finance, he spent 14 years at ICICI Bank in senior leadership roles, building expertise in consumer and retail banking, data analytics, and digital transformation.
Saha’s appointment is seen as a significant move by Kotak Mahindra Bank to strengthen its leadership depth and drive customer-centric transformation, digital innovation, and data-led strategies. The bank’s Chairman, CS Rajan, and Managing Director and CEO, Ashok Vaswani, have welcomed Saha to the board, citing his leadership skills and experience in scaling businesses, driving digital transformation, and building customer-centric organizations.
Saha has expressed his excitement and honor at joining Kotak Mahindra Bank, one of India’s most trusted financial services conglomerates. He looks forward to working with the leadership team to build on the bank’s strong foundation, drive innovation, deepen customer relationships, and create value for all stakeholders. With his extensive understanding of retail finance, data-driven growth, and innovation, Saha is expected to play a key role in accelerating the bank’s strategy and delivering greater value to its customers.
Overall, Saha’s appointment is a significant development for Kotak Mahindra Bank, and is expected to have a positive impact on the bank’s growth and transformation in the years to come. His experience and expertise will be invaluable in driving the bank’s customer-centric approach, digital innovation, and data-led strategies, and in reinforcing the bank’s leadership position in the financial sector.