Kotak Mahindra Bank has strengthened its senior leadership with 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 join the bank’s senior management with effect from January 12, 2026.

Saha joins Kotak from Bajaj Finance, where he most recently served as Managing Director. During his more than eight-year tenure, 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. His leadership was instrumental in driving business transformation, digital innovation and customer-centric strategies, helping expand the customer base to 100 million while significantly diversifying the product portfolio.

Prior to Bajaj Finance, Saha spent 14 years at ICICI Bank in senior leadership roles, where he developed deep expertise across consumer and retail banking, data analytics and digital transformation. His experience spans building scalable businesses, leveraging technology for growth and strengthening customer engagement.

At Kotak Mahindra Bank, Saha will oversee Consumer Banking, Marketing and Data Analytics functions. His appointment is expected to further deepen the bank’s leadership capabilities and accelerate customer-focused transformation, digital innovation and data-led decision-making.

Welcoming the appointment, 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 organisations will be invaluable as we continue to strengthen our position in the financial sector.”

Ashok Vaswani, Managing Director and Chief Executive Officer, 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 greater value to our customers.”

Commenting on his appointment, Anup Kumar Saha said, “I am excited and honoured to join Kotak, one of India’s most trusted financial services conglomerates. I look forward to working with the leadership team to drive innovation, deepen customer relationships and create long-term value for all stakeholders.”