Kotak Mahindra Bank Appoints Anup Kumar Saha as Whole-Time Director

Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as a Whole-Time Director, subject to regulatory approvals. This strategic move aims to bolster the bank's leadership in consumer banking and digital innovation. 

Anup Kumar Saha's Role at Kotak Mahindra Bank 

Anup Kumar Saha will join Kotak Mahindra Bank as a Whole-Time Director (Designate) and will be part of the senior management team starting January 12, 2026. His responsibilities will encompass overseeing consumer banking, marketing, and data analytics functions.  

This appointment is expected to reinforce Kotak's leadership depth and drive customer-centric transformation, digital innovation, and data-led strategies. 

Prior to joining Kotak, Anup served as Managing Director at Bajaj Finance for 8 years, where he played a pivotal role in transforming the company into one of India's leading NBFCs in consumer finance.  

He was instrumental in business transformation, digital innovation, and customer-focused strategies, expanding the customer base to 10 crore and diversifying the product portfolio. 

Professional Background of Anup Kumar Saha 

Anup Kumar Saha brings with him extensive experience in the financial sector. Before his tenure at Bajaj Finance, he spent 14 years at ICICI Bank in senior leadership roles, where he built deep expertise in consumer and retail banking, data analytics, and digital transformation.  

His vast experience is expected to contribute significantly to Kotak's growth and strategic initiatives. 

Read More: Kotak Mahindra Bank Share Price in Focus After Q3FY26 Business Update! 

Statements from Kotak Mahindra Bank's Leadership 

As per exchange filings, 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.” 

About Kotak Mahindra Bank 

Established in 1985, Kotak Mahindra Group is a leading diversified financial services conglomerate in India. The group offers a wide range of financial solutions across banking, lending, capital markets, asset management, and protection.  

As of September 30, 2025, Kotak Mahindra Group has a national footprint of 5,511 branches and reported a consolidated balance sheet size of ₹9.1 trillion. 

Kotak Mahindra Bank Share Price Performance  

As of January 12, 2026, at 9:39 AM, Kotak Mahindra Bank share price on NSE was trading at ₹2,114 down by 0.60% from the previous closing price. 

Conclusion 

The appointment of Anup Kumar Saha as Whole-Time Director at Kotak Mahindra Bank marks a significant step in strengthening the bank's leadership team. With his extensive experience in consumer finance and digital transformation, Anup is well-positioned to drive Kotak's strategic initiatives and enhance its market position. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.