Bengaluru: Kotak Mahindra Bank (“Kotak”) has announced the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Until the approvals are received, Saha will serve as Whole-time Director (Designate) and will be part of the Bank’s Senior Management effective January 12, 2026.
Anup Kumar Saha most recently served as Managing Director at Bajaj Finance, where over a period of more than eight years, he played a key role in transforming the company into one of India’s leading and most profitable non-banking financial companies in the consumer finance space. During his tenure, he led large-scale business transformation initiatives, drove digital innovation, and implemented customer-centric strategies that helped expand the company’s customer base to 100 million while significantly diversifying its product portfolio.
Prior to this, Saha spent 14 years at ICICI Bank in senior leadership roles, gaining deep expertise across consumer and retail banking, data analytics, and digital transformation.
In his new role at Kotak Mahindra Bank, Saha will oversee the Consumer Banking, Marketing, and Data Analytics functions. His appointment is expected to further strengthen Kotak’s leadership depth and support the Bank’s focus on customer-centric transformation, digital innovation, and data-led growth strategies.
Welcoming him to the Board, CS Rajan, Chairman of the Board, Kotak Mahindra Bank, said, “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.”
Expressing his views on the appointment, 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.”
