Kotak Mahindra Bank Names Anup Kumar Saha as Whole-Time Director
Kotak Mahindra Bank declared the selection of Anup Kumar Saha as a Whole-time Director, pending regulatory clearance. During the period prior to receiving the necessary approvals, Anup will fulfill the role of Whole-time Director (Designate) and will officially become a member of the bank's senior management team starting on January 12, 2026.
Anup's most recent position was as the Managing Director at Bajaj Finance, where he dedicated over eight years to driving business transformation, digital innovation, and customer-centric growth.
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Under his leadership, Bajaj Finance successfully grew its customer base to 100 million and significantly broadened its range of products.
Prior to joining Bajaj Finance, Anup accumulated fourteen years of experience in various senior leadership positions at ICICI Bank. During this time, he developed a strong expertise in consumer and retail banking, as well as data analytics and digital transformation projects. Saha will assume oversight of consumer banking, marketing, and data analytics operations at Kotak Mahindra Bank.
CS Rajan, Chairman of the Board at Kotak Mahindra Bank, expressed that Anup's expertise in expanding businesses and driving digital innovation would enhance the bank's leadership team as it aims to further establish its foothold in the financial industry. Ashok Vaswani, the Managing Director and Chief Executive Officer, expressed that Saha's expertise in the realm of retail finance and data-driven growth will play a pivotal role in advancing Kotak's strategic initiatives and elevating customer value creation.
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Anup expressed anticipation in collaborating with the leadership team to promote innovation, enhance customer relationships, and create sustainable value for stakeholders.
Earlier, Kotak Mahindra has recently named Sandeep Rath as the new Head of Human Resources, enhancing the capabilities of its leadership team during the company's expansion of its retail lending operations. In his new role, Rath will be responsible for managing the company's human resources and cultural initiatives, as well as overseeing all HR functions throughout the organization.
This appointment is particularly significant as non-banking financial institutions are increasingly prioritizing talent development, operational efficiency, and organizational adaptability in response to growing market competition and regulatory oversight.
The leader possesses over 13 years of expertise in talent management, organizational development, and HR transformation. Prior to joining KMPL, he held various leadership positions at Kotak Mahindra Bank, including Vice President, Senior Vice President, and HR Lead. In these roles, he played a key role in developing and implementing people strategies for significant corporate and institutional lending operations.
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In his previous professional tenure, he held high-ranking human resources positions at ICICI Bank and L&T Financial Services. During his time at these companies, Rath focused on areas such as strategic workforce planning, executive training, as well as overseeing significant restructuring and integration projects to facilitate business expansion within intricate operational frameworks.