elets ke goa 2016 - v swaminathan, senior executive vice president, kotak mahindra bank limited
TRANSCRIPT
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Kotak Mahindra Bank
- Smart City Perspective
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What is SMART?
S M A R TSpecific Measurable Attainable Relevant Time-bound
Smart Cities Mission is a unique and important initiative by the Government of India to drive economic growth and improve the quality of life of the Citizens
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Smart cities explore, refine, and revise their ideas until they get it right. They are realistic, but they are also optimistic
They aim high!!
Aiminghigh
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“Transforming The City of Panaji into a world-class, environmentally sustainable and liveable city for all, while preserving its heritage, cultural diversity and ecosystem through innovation and smart solutions.”
Smart solution is the key. It is an enriching cycle.
Vision Statement of Panaji reads
Smart CitySmart CitizenSmart Solutions
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Smart Solutions for E- Governance
Payments Collections Communication Technology
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Electronic Payment
Kotak RemITAn online payment platform which provides an expeditious system of electronic fund transfer across geographies, covering all RTGS/NEFT enabled Bank branches on an online, real-time basis.
Multiple payment instructions in a single file
Customized payments set-up
Highest security standards
Enrichments information
Reports and query tool
Vendor Payments Salary Payments Statutory Payments
Grant Disbursements Util ity Payments Dividend Payouts
Payments
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CollectionsCollections through multiple mediums
Payment Gateway on Website
Cash & cheque deposit machines
Mobilebanking app
Kotakbranches
Some of the Municipal Corporations/Councils we have currently partnered with:Vasco , Madgaon, MCGM, Nagpur, , Bhiwandi, Kalyan, Ulhasnagar, Shrirampur, Chiplun, Chikhali, Indore, Bhopal, Jabalpur, Ahmedabad, Surat, Bhavnagar, Rourkela, Angul, Fatehabad and South Delhi, East Delhi, Faridabad,Hyderabad,
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Kotak CredITKotak CredIT optimizes your receivables management by moving all your collections from your remitter to the electronic modes i.e. RTGS and NEFT, thereby ensuring speedy credit of funds and also online verification of credits in your account.
Electronic Collections
Automated reconciliation of all inward electronic collections
SMS/e-mail alert for each inward credit
Customized MIS reports
Dynamic Information capturing like Regn., Bill No. etc.
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Setting up of Payment Gateway on department website to receive online collection
The gateway offers a completely secured, online and real-time solution on a reliable internet payment platform
Eliminates the need for accepting/depositing cash/ cheque and enables receipt of payments the very next day in your Bank Account with a detailed MIS
Payment Gateway
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CMS ServicesCollections through multiple mediums
Cash and Cheque Collection from various locations
• Deposit of all cheques at one place
• Time bound speedy realisations
• Minimal cost
• Vast network with inter-connectivity
• Daily MIS
• Free of cost pick-up available
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PF Trust Banking
Kotak Ace Savings account
Constituent Subsidiary General Ledger (CSGL) & Demat Account
Free Advisory services from Kotak Bank, including facilitating participation of PF trusts in Centre and State RBI auctions
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Kotak m - Governance App
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“Transforming The City of Panaji into a world-class, environmentally sustainable and liveable city for all, while preserving its heritage, cultural diversity and ecosystem through innovation and smart solutions.”
Smart solution is the key. It is an enriching cycle.
Vision Statement of Panaji reads
Smart CitySmart CitizenSmart Solutions
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6% Interest Hashtag banking Kotak Rewards Kotak Money watch Credit Score
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Kaypay - Any bank to any bank
Transfer moneyto Facebook friends
No beneficiary details required
Instantaneous 24X7
Mail & Message Money
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23 banking services offered including Mobile & DTH recharge
Hashtag Banking
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WhyKotak Mahindra Bank?
• Branches - 1333,
• ATMs - 2027 as on 31st May 2016
Smart Solution
• Mail Money
• Kay Pay
• Hashtag Banking
• Mobile App
• Bharat Banking App
Network StrengthFinancials
Rs in Crores 31-03-2016
Profit AfterTax 2090
Capital Adequacy Ratio 16.3%
Deposits 1,38,643
Advances 1,18,665
NII 1,857
Net NPA 1.06%
Net worth 23,959
Fourth Largest Private Bank in India
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Government Mission
100% online payments to all beneficiaries of various schemes/ benefits especially to the “Last mile”
Kotak Mantra
“Innovate and Customize Banking Products and Services with the optimal use of Technology ”
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E-Governance ProjectsNATIONAL SCHEMES
Collection of Funds of Prime Minister Relief Fund (PMNRF)• Provided Online collection /Payment platform
Mahatma Gandhi Swachhata Mission• IT Solution for online data management• Mobile application for donation collection• Online receipt generation
Housing Application Management Services for Housing Boards & Development authorities
• Software for online management of entire housing project
Distribution of Land Acquisition funds for Highway Projects
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E-Governance ProjectsGoa
Goa Industrial development corporation. • Entire collection of revenue is managed through Online
module (Development facilitated by our Bank)
• IT solutions to Municipal Corporation and Panchayat
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E-Governance Projects
MAHARASHTRA
• Online Lease rent collections for MHADA
• Online collections and payments for various
Municipal Corporations
• At state level, Number of Panchayats and respective blocks have opted for our smart savings account.
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E-Governance Projects
GUJARAT• Gujarat Beej Nigam’s bulk Subsidy distribution
• Gujarat Motor Vehicle Tax Collection
• Online Tax collections at Kotak Branches
• Mobile app Payment Gateway for Municipal Corporations
• Online vendor registration fee collection for Municipal Corporations
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Online/Offline Municipal Tax collection of Various
Municipal Corporations
Advanced Technology solution for entire civic
services through Mobile App
Closely working for E- Panchayats initiatives
End to End solutions for Housing /Development
Authorities
E-Governance Projects
MADHYA PRADESH
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E-Governance Projects
DELHI & BIHARDelhi VAT & CST through eTax portal
• Provided e-collection platform for tax collection
Delhi Jal Board water bill payments• Online/offline bill collections
Bihar VAT & CST through eTax portal• Provided e-collection platform for tax collection
PUNJAB
Punjab VAT & CST Collection• Provided e-collection platform for tax collection
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Andhra Pradesh VAT, CST, Professional Tax & Turnover Tax• Provided e-collection platform for tax collection
Commercial tax collection of Telangana through Kotak eTAX
Tax collections of various Municipal Corporations across AP & Telangana
Collections across the state for fertilizer subsidy
E-Governance Projects
Andhra Pradesh & Telangana
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AboutKotak Mahindra Bank
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Organizational Overview
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North389/ 29%
East77/ 6%
South455/ 34%
West413/ 31%
Geographical Presence
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Global FootprintKotak Mahindra Inc. USABroker – dealer regd. with SECMember of NASD
Kotak Mahindra, UKFSA regd. Entity /Member of the LSE
Kotak Mahindra International Ltd.Dubai Kotak Mahindra
International LtdMauritius
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Bank Awards
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Earn up to 6%* in your Savings
Account
*Get 6% interest p.a. on savings balance above Rs. 1 Lakh and 5% on up to Rs. 1 Lakh. Not for profit trusts with 12A exemptions are allowed to open Savings Account
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Thank you