Until the formal clearances are in place, Saha will serve as Designate Whole-time Director and join the bank’s senior management with effect from January 12, as confirmed in an exchange filing.
Saha most recently served as Managing Director of Bajaj Finance, where he spent 8 years and played a key role in building the lender into one of India’s most profitable NBFCs in the consumer finance space. During his tenure, Bajaj Finance expanded its customer base to 100 million and diversified its product portfolio across multiple segments.
Before joining Bajaj Finance, Saha spent 14 years at ICICI Bank, holding several senior leadership positions and gaining deep experience across retail and financial services.
At Kotak Mahindra Bank, Saha will oversee Consumer Banking, Marketing, and Data Analytics functions. The bank said his experience in scaling consumer-focused businesses and driving data-led growth will add significant depth to its leadership team and support customer-centric transformation, digital innovation, and analytics-driven strategies.
“We are delighted to welcome Anup to Kotak’s Board. His leadership in scaling businesses, driving digital transformation and building customer-centric organizations will be invaluable as we continue to strengthen our position in the financial sector,” said C.S. Rajan, Chairman of the Board, Kotak Mahindra Bank.
Ashok Vaswani, Managing Director and CEO of Kotak Mahindra Bank, also welcomed the appointment. “Anup’s appointment underscores Kotak’s commitment to building a market-leading financial services business and a strong bench of experienced leaders. His extensive understanding of retail finance, data-driven growth and innovation will help us accelerate our strategy and deliver even greater value to our customers,” he said.
The appointment marks a significant management move for Kotak Mahindra Bank as it sharpens its focus on consumer banking, digital capabilities, and long-term growth
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