General Updates

October 1, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai 400 001 Bandra (East), Mumbai 400 051 BSE Scrip Code: 500247, 974396, 974682, NSE Symbol: KOTAKBANK, KMB29, KMB30 974924, 975387 India International Exchange (IFSC) Limited NSE IFSC Limited 1st Floor, Unit No. 101, The Signature, Building no. Unit No.1201, Brigade International Financial Centre, 13B, Road 1C, Zone 1, GIFT SEZ, GIFT City, 12th floor, Block-14, Road 1C, Zone -1, GIFT SEZ, Gandhinagar, Gujarat – 382050 Gandhinagar, Gujarat - 382050 India INX Scrip Code: 500082 NSE IX Symbol: KMBL 5.478 Dear Sirs, Sub.: Update on Appointment of New Managing Director & CEO of the Bank Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that, based on an application made by the Bank, the Reserve Bank of India (“RBI”) has, vide its letter dated September 30, 2026 (received by the Bank at 5:53 p.m. (IST) on September 30, 2026), accorded its approval under Section 35B of the Banking Regulation Act, 1949 for the appointment of Mr. Anup Kumar Saha as the new Managing Director & CEO of the Bank, for a period of three years, with effect from January 1, 2027. A brief profile of Mr. Saha and a copy of the media release being issued by the Bank in this connection are attached herewith as Annexures 1 and 2, respectively. The Board of Directors of the Bank will initiate further steps in due course, to formalize the aforesaid appointment and also seek members’ approval for the same. This intimation is also being made available on the Bank’s website https://www.kotak.bank.in/en/investor- relations/governance/sebi-listing-disclosures.html in terms of the Listing Regulations. This is for your information and appropriate dissemination. Thanking you. Yours faithfully, Kotak Mahindra Bank Limited Avan Doomasia President & Company Secretary Encl.: as above Kotak Mahindra Bank Ltd. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India. Annexure 1 Profile of Mr. Anup Kumar Saha Mr. Anup Kumar Saha, currently Whole-time Director (Executive Director) of the Bank, has over 32 years of professional experience, of which, 25 years has been in financial services across banking and non–banking financial institutions. Mr. Saha joined the Bank in January 2026. In his role as Whole-time Director (Executive Director) of the Bank since March 2026, he oversees the entire Retail Bank, Government Business, Data Analytics and Marketing function. Prior to joining the Bank, 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), as Executive Director (April 2023–March 2024), 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 a B. Tech degree in Engineering from IIT Kharagpur and has also completed his MBA from IIM Lucknow. Kotak Mahindra Bank Ltd. CIN: L65110MH1985PLC038137 Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, T +91 22 61660001 Bandra (E), Mumbai 400051, www.kotak.bank.in Maharashtra, India. Annexure 2 MEDIA RELEASE Kotak Mahindra Bank Receives RBI Approval to Appoint Anup Kumar Saha as Managing Director & CEO Mumbai, October 1, 2026: Kotak Mahindra Bank Limited (“Kotak” or “the Bank”) today announced that the Reserve Bank of India (“RBI”) has approved the appointment of Anup Kumar Saha as the Bank’s Managing Director & Chief Executive Officer (“MD & CEO”) for a period of three years, effective January 1, 2027. The Board of Directors of the Bank will initiate further steps in due course, to formalize the aforesaid appointment and also seek members’ approval for the same. Anup is currently Whole-time Director (Executive Director) of Kotak Mahindra Bank. He joined the Bank in January 2026 and since March 2026 has overseen the Retail Bank, Data Analytics and Marketing function. C. S. Rajan, Chairman of the Board, Kotak Mahindra Bank, said, “We welcome the Reserve Bank of India’s approval. Anup brings with him extensive experience across banking and financial services and has already been actively engaged with the Bank’s businesses in his current role. As the Bank continues to build on its strong foundations we look forward to Anup’s leadership in strengthening the franchise and in pursuing sustainable growth. On behalf of the Board, I wish Anup every success in leading Kotak into its next phase of growth.” Ashok Vaswani, Managing Director & CEO, Kotak Mahindra Bank, said, “Anup is a seasoned financial services leader with deep experience across businesses, customer segments and operating functions. Since joining Kotak, he has worked closely with our teams and demonstrated a clear understanding of the opportunities ahead. I am confident that Anup will build on Kotak’s strong foundations, deepen its customer relationships and lead the Bank forward with purpose and discipline. I wish him every success.” Anup Kumar Saha said, “I am grateful to the Board for the trust placed in me and delighted to have the opportunity to lead Kotak Mahindra Bank. Kotak has a strong franchise, a trusted brand and talented teams across the organisation. I look forward to working with my colleagues to deepen customer relationships, tirelessly execute and build sustainable value for shareholders and all our stakeholders. We will remain firmly focused on doing the right thing and getting it right by the customer.” Anup has over 32 years of professional experience, including 25 years in financial services across banking and non-banking financial institutions. Before joining Kotak, he held a series of senior leadership roles at Bajaj Finance Limited, culminating in his appointment as Managing Director & CEO. Earlier, during 14 years at ICICI Bank Limited, he led businesses and functions spanning Retail Secured Assets, Business Intelligence, Retail and Rural Collections, Credit Cards and Retail Structured Finance. Earlier in his career, Anup worked with GE Capital across credit cards, sales and analytics and with Bharat Heavy Electricals Limited in production engineering. He holds a B. Tech degree in Engineering from IIT Kharagpur and an MBA from IIM Lucknow. About Kotak Mahindra Group Established in 1985, Kotak Mahindra Group is one of India's leading diversified and integrated financial services conglomerates, providing a wide range of financial solutions across customer and geographic segments. The Group strives to deliver value for its key stakeholders – customers, company, colleagues, and the larger community – through an overarching focus on “Doing it Right by the Customer”. The Group offers products across banking and lending, capital [Showing first 8,000 characters — download PDF for full document]