Kotak Mahindra Bank Appoints Anup Kumar Saha as Whole-time Director Following RBI Approval

Mumbai, March 6, 2026: Kotak Mahindra Bank Limited has appointed Anup Kumar Saha as Whole-time Director (Executive Director) and Key Managerial Personnel after receiving approval from the Reserve Bank of India (RBI).

The bank informed the BSE Limited and the National Stock Exchange of India that RBI granted its approval through a letter dated March 6, 2026, which was received by the bank at 6:09 PM IST.

With this approval, Saha has officially joined the bank’s Board of Directors as a Whole-time Director, designated as Executive Director. Following his appointment, he has also ceased to be a Senior Management Personnel of the bank.

Role at Kotak Mahindra Bank

Prior to his board appointment, Saha was serving as Whole-time Director (Designate) and Senior Management Personnel, where he oversaw Consumer Banking, Marketing, and Data Analytics. In these roles, he played a key part in strengthening the bank’s customer-first strategy and digital innovation initiatives.

Extensive Financial Services Experience

Saha brings over 32 years of professional experience, including more than 25 years in the financial services sector spanning banking and non-banking financial institutions.

Before joining Kotak Mahindra Bank, he held several senior leadership roles at Bajaj Finance Limited between 2017 and 2025, including:

• President – Consumer Finance (2017–2019)

• Deputy CEO overseeing consumer, MSME, marketing, operations, service and digital platforms (2019–2022)

• Executive Director (2022–2024)

• Deputy Managing Director (2024–2025)

• Managing Director & CEO (April 2025 – July 2025)

Earlier in his career, Saha spent 14 years at ICICI Bank Limited, where he led key businesses including Retail Secured Assets, Business Intelligence, Retail and Rural Collections, Credit Cards, and Retail Structured Finance. He also served as a nominee director of ICICI Bank on the boards of TransUnion CIBIL Limited and ICICI Home Finance Limited.

He also worked with GE Capital handling credit card sales and analytics, and earlier began his career with Bharat Heavy Electricals Limited in production engineering.

Education

Saha holds a B.Tech in Engineering from Indian Institute of Technology Kharagpur and an MBA from Indian Institute of Management Lucknow.

The bank said the disclosure has also been made available on its investor relations website.