Kotak Mahindra Bank Limited has informed the Exchange regarding Appointment of Mr Anup Kumar Saha as Whole-time Director (Executive Director) of the company w.e.f. March 06, 2026.
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Kotak Mahindra Bank has received RBI approval for the appointment of Mr. Anup Kumar Saha as a Whole-time Director (Executive Director) and Key Managerial Personnel, effective March 6, 2026. Mr. Saha was already part of the bank as a Whole-time Director (Designate) and Senior Management Personnel, heading Consumer Banking, Marketing, and Data Analytics. With the RBI nod, he moves from a designate role to a full board position. He brings over 32 years of experience, including senior leadership stints at ICICI Bank (14 years) and Bajaj Finance (where he was MD & CEO from April 2025 until his resignation in July 2025). This formalizes a transition that was first intimated to the stock exchanges on January 12, 2026.
The appointment completes a key leadership transition at Kotak Mahindra Bank and gives the board a full-time executive director with deep retail banking and consumer finance expertise. The market is likely to view this as a stability signal rather than a disruption, since Mr. Saha was already running key functions within the bank.