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 oversee 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 and holding senior leadership roles at ICICI Bank.
During his tenure at Bajaj Finance, Saha played a key role in transforming the company into one of India’s leading non-banking financial companies in the consumer finance space. He drove business transformation, digital innovation, and customer-centric strategies, expanding the customer base to 100 million and diversifying the product portfolio. Prior to Bajaj Finance, Saha spent 14 years at ICICI Bank, developing expertise in consumer and retail banking, data analytics, and digital transformation.
Saha’s appointment is expected to deepen Kotak Mahindra Bank’s leadership capabilities and accelerate customer-focused transformation, digital innovation, and data-led decision-making. The bank’s Chairman, CS Rajan, and Managing Director and CEO, Ashok Vaswani, welcomed Saha’s appointment, citing his leadership in scaling businesses, driving digital transformation, and building customer-centric organizations.
Saha expressed his excitement and honor at joining Kotak Mahindra Bank, stating that he looks forward to working with the leadership team to drive innovation, deepen customer relationships, and create long-term value for all stakeholders. His appointment underscores the bank’s commitment to building a market-leading financial services business and a strong bench of experienced leaders.
With Saha’s extensive understanding of retail finance, data-driven growth, and innovation, Kotak Mahindra Bank is poised to accelerate its strategy and deliver greater value to its customers. The bank’s senior leadership team is now strengthened, and Saha’s expertise is expected to have a significant impact on the bank’s future growth and success. Overall, Saha’s appointment is a significant development for Kotak Mahindra Bank, and his leadership is expected to drive the bank’s continued success in the financial sector.