Kotak Mahindra Bank announced the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Till such time, Anup Kumar Saha will act as Whole-time Director (Designate) and will be part of senior management from January 12, 2026.
Anup Kumar Saha most recently served as Managing Director at Bajaj Finance, where over eight years he played a role in the company’s transformation into a leading NBFC in consumer finance. During this period, he was involved in business transformation, digital initiatives and customer-focused strategies, expanding the customer base to 100 million and diversifying the product portfolio.
Prior to this, Anup Kumar Saha spent 14 years at ICICI Bank in senior leadership roles, gaining experience across consumer and retail banking, data analytics and digital transformation.
At Kotak Mahindra Bank, Anup Kumar Saha will oversee Consumer Banking, Marketing and Data Analytics functions.
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.”
Anup Kumar Saha said, “I am excited and honored to join Kotak. 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.”
