Kotak Mahindra Bank announced that the Reserve Bank of India has approved the appointment of Anup Kumar Saha as Whole-Time Director and Key Managerial Personnel, effective March 6, 2026. Saha, with over three decades of experience in financial services, transitions from Senior Management to the Board.
Kotak Mahindra Bank has received regulatory approval from the Reserve Bank of India (RBI) for the induction of Anup Kumar Saha onto its Board as Whole-Time Director (Executive Director). This marks a significant leadership transition, strengthening the bank’s executive team with a seasoned professional known for driving consumer banking, digital innovation, and customer-centric strategies.
Key Highlights
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Saha brings 32 years of professional experience, including 25 years in banking and financial services
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He previously served as Managing Director & CEO of Bajaj Finance Limited until July 2025, after holding multiple senior roles there
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His career includes 14 years at ICICI Bank, where he led retail secured assets, credit cards, collections, and structured finance
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He began his career at Bharat Heavy Electricals Limited and GE Capital before moving into mainstream financial services
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An alumnus of IIT Kharagpur (B.Tech) and IIM Lucknow (MBA), Saha combines technical expertise with strategic leadership
This appointment underscores Kotak Mahindra Bank’s focus on strengthening governance and accelerating digital-led growth.
Sources: Kotak Mahindra Bank, Reserve Bank of India