Kotak Mahindra Bank Limited has informed the Exchange regarding a press release dated January 12, 2026, titled Kotak Mahindra Bank strengthens Leadership Team with appointment of Anup Kumar Saha as Whole-time Director .
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Kotak Mahindra Bank has appointed Anup Kumar Saha as Whole-time Director (Designate), effective January 12, 2026, subject to regulatory approvals. Anup joins from Bajaj Finance, where he served as Managing Director for over eight years and helped grow the customer base to 100 million. He previously spent 14 years at ICICI Bank in senior retail banking roles. At Kotak, he will oversee Consumer Banking, Marketing and Data Analytics, working alongside current MD & CEO Ashok Vaswani.
Strengthens Kotak's senior leadership bench with an experienced retail banking and digital transformation professional, which may support growth in consumer banking. This is a senior management addition rather than a CEO change, so no immediate governance disruption is expected.