Kotak Mahindra Bank Appoints Anup Kumar Saha as Additional Director
Kotak Mahindra Bank appointed Mr. Anup Kumar Saha as Additional Director and Whole-time Director (Executive Director) for a three-year term, pending regulatory approvals. He also joins as Whole-time Director (Designate) from January 12, 2026. Mr. Saha has over 32 years of experience in financial services, including significant roles at Bajaj Finance and ICICI Bank.
The appointment of a key managerial personnel like a Whole-time Director can have a medium-term impact on the bank's strategic direction and operations.
The appointment of an experienced individual like Mr. Anup Kumar Saha as a Whole-time Director is generally viewed positively as it can bring valuable expertise to the bank's leadership.
Kotak Mahindra Bank Limited announced the appointment of Mr. Anup Kumar Saha (DIN: 07640220) as an Additional Director and Whole-time Director, to be designated as Whole-time Director (Executive Director). This appointment is for a period of three years, effective from the date of receipt of all necessary regulatory and statutory approvals, including from the Reserve Bank of India (RBI).
Concurrently, Mr. Saha has been appointed as Whole-time Director (Designate) and Senior Management Personnel of the Bank, effective January 12, 2026, until his full appointment as Whole-time Director takes effect. Upon the latter appointment becoming effective, Mr. Saha will also serve as a Key Managerial Personnel of the Bank. The bank confirmed that Mr. Saha is not debarred from holding the office of a Director by any regulatory authority.
Mr. Saha brings over 32 years of professional experience, with 25 years in financial services across banking and non-banking financial institutions. Most recently, he was associated with Bajaj Finance Limited from October 2017 to July 2025, holding various senior positions including President – Consumer Finance, Deputy CEO, Executive Director, Deputy Managing Director, and finally, Managing Director & CEO. Prior to Bajaj Finance, he spent 14 years at ICICI Bank Limited, where he led several retail banking functions. He holds a B.Tech degree in Engineering from IIT-Kharagpur and an MBA from IIM-Lucknow. He is not related to any existing Director of Kotak Mahindra Bank Limited.
The Board Meeting at which these appointments were made commenced at 8:30 a.m. IST and concluded at 8:45 a.m. IST on January 12, 2026.
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Kotak Mahindra Bank Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Kotak Mahindra Bank Limited. Read the original for the full detail.