Kotak Mahindra Bank on Monday 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 join the bank’s Senior Management from January 12, 2026.

Saha was most recently the Managing Director at Bajaj Finance, where over an eight-year tenure he played a key role in transforming the company into one of India’s leading and most profitable NBFCs in consumer finance. During his stint, he led business transformation, digital innovation, and customer-centric initiatives, expanding the customer base to 100 million and significantly diversifying the product portfolio.

Prior to Bajaj Finance, Saha spent 14 years at ICICI Bank in senior leadership roles, gaining deep experience in consumer and retail banking, data analytics, and digital transformation.

At Kotak Mahindra Bank, Saha will oversee Consumer Banking, Marketing, and Data Analytics, with a focus on strengthening customer-centric transformation, digital innovation, and data-led strategies.

Welcoming the appointment, CS Rajan, Chairman of the Board, Kotak Mahindra Bank, said Saha’s proven leadership in scaling businesses and driving digital transformation would add significant value as the bank continues to strengthen its position in the financial sector.

Ashok Vaswani, MD & CEO of Kotak Mahindra Bank, said the appointment reflects Kotak’s commitment to building a market-leading financial services franchise and a strong leadership bench, adding that Saha’s expertise in retail finance and data-driven growth will help accelerate the bank’s strategy.

Commenting on his appointment, Anup Kumar Saha said he is excited to join Kotak and looks forward to working with the leadership team to drive innovation, deepen customer relationships, and create value for all stakeholders.