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Kotak Mahindra Bank Taps Anup Kumar Saha as Whole-Time Director (Designate) to Lead Consumer Banking

The former Bajaj Finance chief takes charge of consumer banking in a designate capacity pending RBI approval.

Overview

  • Effective January 12, 2026, Saha joins Kotak as Designate Whole-time Director and Senior Management personnel.
  • Saha’s mandate includes oversight of Consumer Banking, Marketing and Data Analytics as part of Kotak’s retail and digital push.
  • Upon Reserve Bank of India clearance, the role will convert to Executive Director and Key Managerial Personnel for a three-year term.
  • The industry veteran previously served eight years at Bajaj Finance, helping expand its customer base to 100 million after senior stints at ICICI Bank and GE Capital.
  • Kotak’s chairman C.S. Rajan and CEO Ashok Vaswani hailed Saha’s experience in scaling businesses, digital innovation and customer-centric growth.