Kotak Mahindra Bank Limited has announced the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Until regulatory clearance, Anup will serve as Whole-time Director (Designate) and will be part of the Senior Management team starting January 12, 2026.

Anup Kumar Saha brings extensive experience from his previous role as Managing Director at Bajaj Finance, where he was instrumental in transforming the company into a leading consumer finance NBFC. During his eight-year tenure, he focused on business transformation, digital innovation, and customer-centric strategies, which led to an expansion of the customer base to 100 million and product portfolio diversification.

Prior to Bajaj Finance, Saha spent 14 years at ICICI Bank in senior leadership positions, developing significant expertise in consumer and retail banking, data analytics, and digital transformation.

At Kotak Mahindra Bank, Anup Kumar Saha will be responsible for overseeing Consumer Banking, Marketing, and Data Analytics functions. His appointment is expected to reinforce the bank's leadership depth and drive customer-centric transformation, digital innovation, and data-led strategies.

CS Rajan, Chairman of the Board, welcomed Saha, stating his leadership in scaling businesses and driving digital transformation will be invaluable. Ashok Vaswani, MD & CEO, highlighted that Saha's appointment underscores Kotak's commitment to building a market-leading financial services business and a strong leadership bench. Saha expressed his excitement about joining Kotak and looks forward to contributing to innovation and customer relationships.