Date: October 1, 2026

KMP / Board / Auditor Changes

Appointment of Managing Director & CEO:

  • Mr. Anup Kumar Saha appointed as new Managing Director & CEO of the Bank
  • Approval granted by Reserve Bank of India (RBI) under Section 35B of the Banking Regulation Act, 1949
  • RBI approval letter dated September 30, 2026, received by Bank at 5:53 p.m. (IST) on September 30, 2026
  • Appointment effective from January 1, 2027
  • Term: Three years
  • Current designation: Whole-time Director (Executive Director) of the Bank
  • Board will initiate further steps to formalize the appointment and seek members' approval

Profile of Mr. Anup Kumar Saha:

  • Professional experience: Over 32 years, including 25 years in financial services across banking and non-banking financial institutions
  • Joined Kotak Mahindra Bank in January 2026
  • Current role since March 2026: Oversees entire Retail Bank, Government Business, Data Analytics and Marketing function
  • Previous experience:
  • Bajaj Finance Limited (October 2017 to January 2026):
  • Managing Director & CEO (April 2025 to July 2025)
  • Deputy Managing Director (April 2024 to March 2025)
  • Executive Director (April 2023 to March 2024)
  • Deputy CEO–Consumer, MSME, Marketing, Operations & Service and Digital platform (April 2019 to March 2022)
  • President–Consumer Finance (October 2017 to March 2019)
  • ICICI Bank Limited (May 2003 to June 2017): Senior roles leading Retail Secured Assets, Business Intelligence, Retail and Rural Collections, Credit Cards and Retail Structured Finance
  • Nominee Director of ICICI Bank on boards of TransUnion CIBIL Limited and ICICI Home Finance Limited
  • GE Capital (1999-2003): Credit cards, sales and analytics
  • Bharat Heavy Electricals Limited (1991-1995): Production engineering
  • Education: B. Tech degree in Engineering from IIT Kharagpur, MBA from IIM Lucknow

Other Operational / Legal / Strategic Disclosures

Regulatory Compliance:

  • Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Intimation available on Bank's website: https://www.kotak.bank.in/en/investor-relations/governance/sebi-listing-disclosures.html

Corporate Identification: