Kotak Mahindra Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
KOTAKBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kotak Mahindra Bank has appointed Mr. Anup Kumar Saha as an Additional Director and Whole-time Director (Executive Director) for a three-year term, subject to RBI and other regulatory approvals. He has already started as Whole-time Director (Designate) and Senior Management Personnel from January 12, 2026, and will become a Key Managerial Personnel once his Executive Director role is effective. Mr. Saha brings over 32 years of experience, with 25 years in financial services — most recently as Managing Director & CEO of Bajaj Finance Limited until July 2025. He has also spent 14 years at ICICI Bank in senior retail and credit roles, and is an IIT Kharagpur and IIM Lucknow alumnus. He is not related to any existing director on the Kotak board.
The appointment brings a seasoned banking and NBFC leader into Kotak's executive team, which is likely to be viewed positively by the market as it strengthens senior management depth. Investors will watch for RBI approval and how Mr. Saha's consumer finance expertise shapes Kotak's growth strategy.