Kotak Mahindra Bank Limited announced that the Board of Directors of the Bank have, at their meeting held on January 12, 2026, appointed Mr. Anup Kumar Saha (DIN: 07640220) as: (i) an Additional Director and a Whole-time Director of the Bank (to be designated as Whole-time Director (Executive Director), for a period of three years, with effect from the date of receipt of all the regulatory and statutory approvals, as may be necessary from the Reserve Bank of India ("RBI") or any other regulatory/statutory authority; and (ii) Whole-time Director (Designate) and Senior Management Personnel of the Bank, from January 12, 2026, till Mr. Saha's appointment referred to at item no. (i) above takes effect. Mr. Saha will also be a Key Managerial Personnel of the Bank, once his appointment as Whole-time Director takes effect.

Mr. Anup Kumar Saha has over 32 years of professional experience, of which 25 years has been in financial services across banking and non-banking financial institutions. Prior to Kotak Mahindra Bank Limited, Mr. Saha was associated with Bajaj Finance Limited ("BFL") (from October 2017 to January 2026) where he progressively held senior roles, starting as President - Consumer Finance (from October 2017 to March 2019), then as Deputy CEO - Consumer, MSME, Marketing, Operations & Service and Digital platform (from April 2019 to March 2022), then as the Executive Director (April 2022-March 2024), then as the Deputy Managing Director (April 2024-March 2025) and finally, as the Managing Director & CEO (from April 2025 until his resignation in July 2025). In his Executive Directorship roles at BFL, Mr. Saha was responsible for the entire standalone business of BFL.

Prior to BFL, Mr. Saha spent 14 years at ICICI Bank Limited ("ICICI Bank") (May 2003-June 2017), where he served in senior roles, leading Retail Secured Assets, Business Intelligence, Retail and Rural Collections, Credit Cards, and Retail Structured Finance. He also served as a Nominee Director of ICICI Bank on the boards of TransUnion CIBIL Limited and ICICI Home Finance Limited. Earlier in his career, Mr. Saha worked with GE Capital (1999-2003) looking after credit cards sales and analytics and Bharat Heavy Electricals Limited (1991-1995) in production engineering, following a brief stint in consumer durable sales.

Mr. Saha has B. Tech degree in Engineering from IIT - Kharagpur and has also completed MBA from IIM - Lucknow.