Kotak picks Bajaj Finance ex-MD  Saha to oversee consumer banking

Key Highlights

• The Kotak statement said Saha led business transformation, digital innovation and customer-focused strategies at Bajaj Finance, expanding the customer base to 100 million and diversifying the product portfolio.
• At Kotak, he will oversee consumer banking, marketing and data analytics functions, the bank statement said.
• “His extensive understanding of retail finance, data-driven growth and innovation will help us accelerate our strategy and deliver even greater value to our customers,” the bank’s managing director and chief executive Ashok Vaswani said.
• Saha called Kotak a trusted and financial services conglomerate and 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 down at Rs 2117.15 apiece on the BSE as against a 0.78 per cent fall on the benchmark.