Kotak Mahindra Bank on Monday announced the appointment of Anup Kumar Saha, former director of Bajaj Finance, as head of consumer banking | Photo credit:
Saha has been appointed full-time director, subject to regulatory approval, and will join the private sector lender’s senior management from Monday, an official statement said.
Industry veteran
Saha, a financial industry veteran who also worked at ICICI Bank, had been with Bajaj Finance for over eight years but left the non-banking lender last year, a few months after his appointment as MD.
Kotak’s statement said Saha led business transformation, digital innovation and customer-centric strategies at Bajaj Finance, expanding its customer base to 100 million and diversifying its product portfolio.
New role
At Kotak, he will oversee consumer banking, marketing and data analytics functions, the bank statement said.
“His extensive knowledge of retail finance, data-driven growth and innovation will help us accelerate our strategy and deliver even more value to our customers,” said the bank’s Managing Director and CEO Ashok Vaswani.
Calling Kotak a conglomerate of trusted financial services, Saha added that he looks forward to working with the leadership team to build on this strong foundation, drive innovation, deepen customer relationships and create value for all stakeholders.
The Kotak scrip was trading 0.45 per cent lower at Rs 2,117.15 apiece on the BSE, against a decline of 0.78 per cent on the benchmark.
Published on January 12, 2026
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