Kotak Mahindra Bank has strengthened its senior leadership with the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory and shareholder approvals. He will initially join as Designate Whole-time Director and become part of the bank’s Senior Management from 12 January 2026.
Anup brings over two decades of experience across consumer and retail banking, with a strong track record in business scaling, digital transformation and data-led growth. Most recently, as Managing Director at Bajaj Finserv, he played a central role in the group’s transformation over an eight-year period, helping build one of India’s most profitable NBFC platforms. During his tenure, Bajaj Finserv expanded its customer base to over 100 million and significantly diversified its product portfolio.
Prior to Bajaj Finserv, Anup spent 14 years at ICICI Bank in senior leadership roles, where he was closely involved in building capabilities across retail finance, structured finance, analytics and digital innovation. His experience spans both traditional banking and technology-driven financial services models.
At Kotak Mahindra Bank, Anup will oversee Consumer Banking, Marketing and Data Analytics. His appointment aligns with the bank’s strategic focus on deepening customer engagement, accelerating digital innovation and strengthening data-driven decision-making as competition intensifies across India’s financial services sector.
The move is seen as a strategic addition to Kotak’s leadership bench, reinforcing its emphasis on scalable growth, technology integration and customer-centric banking as the industry undergoes rapid structural change.
Seen through a risk-awareness lens, Anup Kumar Saha’s elevation comes at a moment when consumer banking risk is being reshaped by scale, data concentration and digital velocity, making his two-decade grounding across cycles and institutions a critical stabiliser as Kotak Bank deepens data-led growth and customer-centric expansion.
