Anup Kumar Saha Appointed Whole-time Director at Kotak Mahindra Bank
Anup Kumar Saha most recently served as Managing Director at Bajaj Finance
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Published: Jan 12, 2026 10:42 AM | 2 min read
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- Kotak Mahindra Bank has appointed Anup Kumar Saha as Whole-time Director (Designate), pending regulatory approvals, effective January 12, 2026.
- Anup previously served as Managing Director at Bajaj Finance, where he significantly contributed to the company's growth and digital transformation over eight years.
- He has 14 years of experience at ICICI Bank in various senior leadership roles, focusing on consumer banking and digital initiatives.
- At Kotak, Anup will oversee Consumer Banking, Marketing, and Data Analytics, aiming to enhance customer engagement and drive data-led growth.
Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as a Whole-time Director, subject to regulatory clearances. Until the approvals are in place, he will serve as Whole-time Director (Designate) and will join the bank’s senior management team from January 12, 2026.
Before joining Kotak, Anup was the Managing Director at Bajaj Finance. During his eight-year tenure, he played a key role in reshaping the company into one of India’s most successful consumer finance NBFCs. His focus on business transformation, digital initiatives, and customer-first strategies helped grow the customer base to nearly 100 million while also expanding and diversifying the product mix.
Earlier in his career, Anup spent around 14 years at ICICI Bank, where he held several senior leadership roles. There, he built strong capabilities in consumer and retail banking, data-driven decision-making, and digital transformation.
At Kotak, Anup will be responsible for Consumer Banking, Marketing, and Data Analytics. His role will focus on strengthening customer engagement, accelerating digital innovation, and driving data-led growth across the organisation.
Commenting on the appointment, CS Rajan, Chairman of Kotak Mahindra Bank, said that Anup’s experience in scaling businesses, leading digital change, and building customer-centric teams will be a strong addition to the bank’s leadership.
Ashok Vaswani, MD & CEO of Kotak Mahindra Bank, added that Anup’s induction reflects Kotak’s focus on creating a strong leadership pipeline. He noted that Anup’s deep understanding of retail finance, innovation, and data-led growth will help the bank move faster on its strategic priorities.
Expressing his views, Anup Kumar Saha said he is pleased to join Kotak, one of India’s most trusted financial services groups. He added that he looks forward to working closely with the leadership team to build on the bank’s strong foundation, drive innovation, strengthen customer relationships, and create long-term value for all stakeholders.
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