Kotak Mahindra Bank appoints ex-Bajaj Finance MD Anup Saha to lead consumer banking

Kotak Mahindra Bank on Monday announced the appointment of former Bajaj Finance managing director Anup Kumar Saha to head its consumer banking vertical
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Kotak Mahindra Bank announced the appointment of Anup Kumar Saha, former managing director of Bajaj Finance, to lead its consumer banking division on Monday.

Saha will join as a whole-time director pending regulatory clearances and officially assume his role in the bank’s senior leadership team effective immediately, according to a statement.

Industry veteran

With extensive experience spanning ICICI Bank and Bajaj Finance, Saha departed the NBFC last year shortly after becoming managing director, following over eight years with the company.

The bank highlighted Saha’s achievements in driving digital transformation and customer-centric initiatives at Bajaj Finance, where he expanded the client base to 100 million while diversifying product offerings.

New role

At Kotak Mahindra Bank, Saha will manage consumer banking operations along with marketing and data analytics functions.

“His expertise in retail finance and data-led growth strategies will strengthen our customer value proposition,” said Ashok Vaswani, MD & CEO of the bank.

Saha expressed enthusiasm about contributing to Kotak’s established franchise, stating his focus would be on innovation, customer engagement, and stakeholder value creation.

Kotak shares traded at ₹2,117.15 apiece on the BSE during the session, down 0.45% compared to the benchmark’s 0.78% decline.

Published on January 12, 2026