Kotak Mahindra Bank has announced a key leadership appointment, strengthening its senior management team. At its Board meeting held on January 12, 2026, the Bank approved the appointment of Mr. Anup Kumar Saha (DIN: 07640220) as an Additional Director and Whole-time Director (Executive Director), subject to receipt of all necessary regulatory and statutory approvals.
As per the disclosure, Mr. Saha has been appointed for a period of three years, with his tenure as Whole-time Director (Executive Director) becoming effective from the date of approval by the Reserve Bank of India and other applicable authorities. Until such approvals are received, he will function as Whole-time Director (Designate) and Senior Management Personnel of the Bank with effect from January 12, 2026. Once his appointment formally takes effect, Mr. Saha will also be classified as a Key Managerial Personnel of Kotak Mahindra Bank.
The Bank has further confirmed that Mr. Saha is not debarred from holding the office of Director by any order of SEBI or any other regulatory authority, in line with statutory disclosure requirements.
Mr. Anup Kumar Saha brings with him more than 32 years of professional experience, including over 25 years in the financial services sector across banking and non-banking financial institutions. Prior to joining Kotak Mahindra Bank, he was associated with Bajaj Finance from October 2017 to January 2026, where he held a series of senior leadership roles. His journey at Bajaj Finance included positions such as President – Consumer Finance, Deputy CEO overseeing Consumer, MSME, Marketing, Operations, Service and Digital platforms, Executive Director, Deputy Managing Director, and eventually Managing Director & CEO. During his executive leadership at Bajaj Finance, Mr. Saha was responsible for the company’s entire standalone business operations.
Before his tenure at Bajaj Finance, Mr. Saha spent 14 years at ICICI Bank between May 2003 and June 2017. At ICICI Bank, he held several senior roles across Retail Secured Assets, Business Intelligence, Retail and Rural Collections, Credit Cards, and Retail Structured Finance. He also served as a nominee director on the boards of TransUnion CIBIL Limited and ICICI Home Finance Limited, representing ICICI Bank.
Earlier in his career, Mr. Saha worked with GE Capital from 1999 to 2003, focusing on credit cards sales and analytics, and began his professional journey at Bharat Heavy Electricals Limited between 1991 and 1995 in production engineering, following a brief stint in consumer durable sales.
On the academic front, Mr. Saha holds a B.Tech degree in Engineering from IIT Kharagpur and an MBA from IIM Lucknow, credentials that further reinforce his strong foundation in both technical and managerial disciplines.
Kotak Mahindra Bank has also clarified that Mr. Anup Kumar Saha is not related to any of the existing Directors of the Bank.