Kotak Mahindra Bank Names Anup Kumar Saha as Executive Director.

Kotak Mahindra Bank has named Anup Kumar Saha as Whole-time Director, pending regulatory approvals. Until these approvals are obtained, Saha will assume the role of Whole-time Director (Designate) and join the bank’s Senior Management team starting January 12, 2026.

Saha is set to lead consumer banking and digital initiatives at Kotak, enhancing the bank’s customer-focused methodology, digital advancements, and data-informed strategies.

He previously held the position of Managing Director at Bajaj Finance Limited, where he dedicated eight years to transforming the company into one of India’s top and most profitable non-banking financial companies (NBFCs) in the consumer finance sector.
On July 21, 2025, Bajaj Finance disclosed Saha’s resignation as Managing Director and Director on the company’s board, effective the same day, for personal reasons.
During his time there, he grew the customer base to 100 million and evolved the product offerings through digital innovation and customer-centric initiatives.

Prior to this, Saha spent 14 years at ICICI Bank in senior leadership roles, honing his expertise in consumer and retail banking, data analytics, and digital transformation.

CS Rajan, Chairman of Kotak Mahindra Bank, stated, “Saha’s ability to scale businesses, drive digital initiatives, and build customer-centric organizations will be crucial as we continue to fortify our position in the financial landscape.”

Ashok Vaswani, MD & CEO of Kotak Mahindra Bank, remarked, “Saha’s profound understanding of retail finance, data-driven growth, and innovation will aid us in accelerating our strategy and providing even more value to our clients.”

Reflecting on his appointment, Anup Kumar Saha expressed, “I am eager to collaborate with the leadership team to build on this strong foundation, drive innovation, deepen customer relationships, and generate value for all stakeholders.”