Mumbai, January 12, 2026: Kotak Mahindra Bank Limited has announced the appointment of Anup Kumar Saha as an Additional Director and Whole-time Director Designate, marking a key leadership development at the private sector lender.
The Board approved Mr. Saha’s induction at its meeting held on Monday. He assumes the role of Whole-time Director Designate and Senior Management Personnel with immediate effect, and will transition into the position of Whole-time Director (Executive Director) for a three-year term upon completion of the necessary formalities. Following this transition, he will also be classified as a Key Managerial Personnel of the bank.
Leadership Profile and Experience
Mr. Saha brings more than three decades of professional experience, including over 25 years across banking and non-banking financial services. His most recent assignment was with Bajaj Finance Limited, where he held a series of senior leadership roles between October 2017 and January 2026. His progression included stints as President Consumer Finance, Deputy CEO overseeing consumer, MSME, marketing, operations and digital platforms, Executive Director, Deputy Managing Director, and ultimately Managing Director and CEO.During his executive leadership tenure, he was responsible for the company’s entire standalone business operations, playing a central role in scaling consumer and MSME lending franchises.
Prior to this, Mr. Saha spent nearly 14 years at ICICI Bank Limited, where he handled diverse portfolios spanning retail secured assets, credit cards, retail structured finance, business intelligence, and collections. He also served as a nominee director on the boards of TransUnion CIBIL Limited and ICICI Home Finance Limited. Earlier in his career, he worked with GE Capital and Bharat Heavy Electricals Limited, gaining exposure to analytics, consumer finance, and production engineering.
Academically, Mr. Saha holds a Bachelor of Technology degree from IIT Kharagpur and an MBA from IIM Lucknow.
About the Company
Kotak Mahindra Bank Limited is one of India’s leading private sector banks, offering a wide range of financial services including retail and corporate banking, wealth management, investment banking, and asset management. The bank is listed on Indian stock exchanges and continues to expand its footprint across domestic and international markets through a diversified financial services platform.Source:
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