Kotak Mahindra BankFrom Wikipedia, the free encyclopedia

Kotak Mahindra Bank

Type Public company

Traded   as BSE: 500247

NSE: KOTAKBANK

Industry Banking, Financial service

Founded 1985 (as Kotak Mahindra Finance Ltd)

Headquarters Mumbai, Republic of India

Key people Uday Kotak  (Founder & Executive Vice

Chairman)

C. Jayaram (Joint MD)

Dipak Gupta (Joint MD)

Jaimin Bhatt (President & Group CFO)

KVS Manian (President - Corporate &

Investment Banking)

Shanti Ekambaram (President - Consumer

Banking)

Narayan SA (President - Commercial Banking)

Gaurang Shah (President - Asset Management,

International Business & Insurance)

Mohan Shenoi (President - Group Treasury &

Global Markets)

Arvind Kathpalia (Group Chief Risk Officer,

Risk Management)

D Kannan (Group Head - Commercial

Banking)

Products Deposit accounts, Loans,Investment services,

Business banking solutions, Treasury and Fixed

income products etc.

Revenue ₹109.63 billion(US$1.7 billion)(2011)[1]

Net income ₹15.69 billion(US$250 million)(2011)

Number of employees

29,000 (before merger with ING Vysya) (2015)

Website www.kotak.com

Kotak Mahindra Bank is the fourth largest Indian private sector bank by market capitalization, headquartered in Mumbai, Maharashtra. The bank’s registered office (headquarters) is located at 27BKC, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra, India.

In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the licence to carry on banking business by theReserve Bank of India (RBI). Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank.

As on September 30, 2014, Kotak Mahindra Bank has over 641 branches and over 1,159 ATMs spread across 363 locations in the country. The bank, before merger with ING Vysya had around 29,000 employees.[2]

Contents  [hide] 

1 History

o 1.1 Timelines

o 1.2 Merger with ING Vysya Bank

2 Awards and recognitions

3 References

4 External links

History[edit]

Kotak Mahindra group, established in 1985 by Uday Kotak, is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking licence from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to be converted into a bank – Kotak Mahindra Bank Limited (KMBL).

In a study by Brand Finance Banking 500, published in February 2014 by the Banker magazine (from The Financial Times Stable), KMBL was ranked 245th among the world’s top 500 banks with brand valuation of around half a billion dollars ($481 million) and brand rating of AA+.[3] [4] KMBL is also ranked among the top 5 Best Ranked Companies for Corporate Governance in IR Global Ranking. [5]

Timelines[edit]