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KotakMahindraBankWikipedia,thefreeencyclopedia

KotakMahindraBank
FromWikipedia,thefreeencyclopedia

KotakMahindraBankisthefourthlargestIndianprivatesector
bankbymarketcapitalization,headquarteredinMumbai,
Maharashtra.TheBanksregisteredoffice(headquarter)islocatedat
27BKC,BandraKurlaComplex,BandraEast,Mumbai,Maharashtra,
India.
InFebruary2003,KotakMahindraFinanceLtd,thegroup'sflagship
companywasgiventhelicencetocarryonbankingbusinessbythe
ReserveBankofIndia(RBI).KotakMahindraFinanceLtd.isthefirst
companyintheIndianbankinghistorytoconverttoabank.
AsonSept30,2014,KotakMahindraBankhasover641branches
andover1,159ATMsspreadacross363locationsinthecountry.

Contents

KotakMahindraBank

Type

Publiccompany

Tradedas

BSE:500247(http://www.bseindia.com/stockshareprice/x/y/500247/)
NSE:KOTAKBANK
(http://www.nseindia.com/marketinfo/companyinfo/companysearch.jsp?
cons=KOTAKBANK&section=7)

Industry

Banking,Financialservice

Founded

1985(asKotakMahindraFinanceLtd)

Headquarters Mumbai,RepublicofIndia
Keypeople

UdayKotak(Founder&ExecutiveViceChairman)

1History

C.Jayaram(JointMD)

2AwardsandRecognitions

DipakGupta(JointMD)
JaiminBhatt(President&GroupCFO)

3References

KVSManian(PresidentCorporate&InvestmentBanking)

4Externallinks

ShantiEkambaram(PresidentConsumerBanking)
NarayanSA(PresidentCommercialBanking)
GaurangShah(PresidentAssetManagement,International

History
KotakMahindragroup,establishedin1985byUdayKotak,isoneof
Indiasleadingfinancialservicesconglomerates.InFebruary2003,
KotakMahindraFinanceLtd.(KMFL),theGroupsflagship
company,receivedabankinglicencefromtheReserveBankofIndia
http://en.wikipedia.org/wiki/Kotak_Mahindra_Bank

Business&Insurance)
MohanShenoi(PresidentGroupTreasury&GlobalMarkets)
ArvindKathpalia(GroupChiefRiskOfficer,RiskManagement)
DKannan(GroupHeadCommercialBanking)
Products

Depositaccounts,Loans,Investmentservices,Businessbanking
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(RBI).Withthis,KMFLbecamethefirstnonbankingfinance
companyinIndiatobeconvertedintoabankKotakMahindraBank
Limited(KMBL).

solutions,TreasuryandFixedincomeproductsetc.
Revenue

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

Netincome

15.69billion(US$250million)(2011)

InastudybyBrandFinanceBanking500,publishedinFebruary2014
www.kotak.com(http://www.kotak.com/)
Website
bytheBankermagazine(fromTheFinancialTimesStable),KMBL
wasranked245thamongtheworldstop500bankswithbrand
valuationofaroundhalfabilliondollars($481million)andbrandratingofAA+.[2][3]KMBLisalsorankedamongthetop5BestRankedCompanies
forCorporateGovernanceinIRGlobalRanking.[4]
Year

Milestone

1985 KotakMahindraFinanceLimitedcommencesbilldiscountingbusiness
1987 KotakMahindraFinanceLimitedentersleasingandhirepurchasebusiness
1990 Startstheautofinancedivisionforfinancingpassengercars
1991 Launchesinvestmentbankingbusiness
1992 Entersthefundssyndicationbusiness
CommencedjointventurewithGoldmanSachsGroupInc.
1995

1996

InvestmentBankingdivisionincorporatedintoaseparatecompanyKotakMahindraCapitalCompany
TheautofinancebusinessishivedoffintoaseparatecompanyKotakMahindraPrimeLimited(formerlyknownasKotakMahindraPrimus
Limited).
KotakMahindratakesasignificantstakeinFordCreditKotakMahindraLimited,forfinancingFordvehicles.

1998 LaunchesmutualfundthroughKotakMahindraAssetManagementCompany(KMAMC).
2000 KotakSecuritieslaunchesonlinebrokingbusiness(nowwww.kotaksecurities.com[5]).
2001 Launchesinsurancebusiness,partnersOldMutualplctoformKotakMahindraOldMutualLifeInsuranceLtd.
2003

KotakMahindraFinanceLtd.(KMFL),thegroup'sflagshipcompany,receivesbankinglicensefromtheReserveBankofIndia(RBI).Withthis,
KMFLbecomesthefirstnonbankingfinancecompanytobeconvertedintoacommercialbankKotakMahindraBankLtd.

2004 Entersalternateassetsbusinesswiththelaunchofaprivateequityfund.
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2005

KotakMahindraBankWikipedia,thefreeencyclopedia

KotakMahindraGrouprealignsjointventureinFordCredittakes100%ownershipofKotakMahindraPrime(formerlyknownasKotak
MahindraPrimusLimited)andsellsitsstakeinFordcreditMahindratoFord.

2005 Launchesarealestatefund
2006 BuysoutGoldmanSachs'equitystakeinKotakMahindraCapitalCompanyandKotakSecuritiesLtd.
2008 LaunchedaPensionFundunderIndia'sNationalPensionSystem(NPS)
KotakMahindraBankLtd.opensarepresentativeofficeinDubai
2009

KotakMahindraBankLtd.becomesanchorinvestorinAhmedabadCommoditiesExchange(ACE)

AwardsandRecognitions
WonGoldAwardforBestInnovationWorldsfirstsociallypoweredbankaccountandGoldAwardforBestAppdevelopedWorldsfirst
bankingapplicationusingTwitterawardsattheIndianDigitalMediaAwards2014forKotakJifi
RecognisedasHighestFundraisingCompanyinCorporateChallengecategoryinStandardCharteredMumbaiMarathon2014
KotakMahindraBankwasranked292ndamongIndia'smosttrustedbrandsaccordingtotheBrandTrustReport2012,astudyconductedbyTrust
ResearchAdvisory.IntheBrandTrustReport2013,KotakMahindraBankwasranked861stamongIndia'smosttrustedbrandsandsubsequently,
accordingtotheBrandTrustReport2014,KotakMahindraBankwasranked114thamongIndia'smosttrustedbrands.[6]
AdjudgedBestBankamongEmergingBanksatOutlookMoneyAwards2013
AdjudgedBestMediumSizedBankoftheYear2013byBusinessWorld
KotakJunioradfilmadjudgedBestBankingAdWorldwide2013,byBankInnovationaleadingglobalblogonbanking
WonAsianBankersITAwardinBestSelfServicecategoryforCourtesyCallBackfeature
WonPlatinumforInnovationWorldsfirstTwitterEnabledBankingProduct,GoldforBestUsageofViralMarketing,GoldforBestUsage
ofSocialMedia,GoldforBestUsageofDigitalMarketingandGoldforBestDigitalStrategyatCampaignIndiaDigitalCrestAwards2013
forKotakJifi
WonEMCTransformerAward2013forinnovativeimplementationofstoragetechnologiesintheBank
WonNationalSecuritiesDepositoryLtd.(NSDL)awardintheBestPerformerinaccountGrowthRatecategory2013,forDematAccounts[7]
WonEMCTransformerAward2013forinnovativeimplementationofstoragetechnologiesintheBank
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WonNationalSecuritiesDepositoryLtd.(NSDL)awardintheBestPerformerinaccountGrowthRatecategory2013,forDematAccounts
WonGreenITEnterpriseAward2013byCIOForumandSchneiderElectricforvariouspowerandsavingtechniquesimplementedinData
Centre(WasalsorankedamongtheTop10intheLargeEnterprisescategory)
ReceivedawardforInnovativeUseofDataStorageattheCNBCTV18IndiaInnovationAward,2013
WontheawardfortheBestManagedBoardbyAonHewittMintStudy2012
WontheBestBankAwardundertheNewPrivateSectorBankcategory(runnerup)attheFinancialExpressAwards
VotedastheBestLocalCashManagementBankinIndiaforsmallcompanies(turnover<US$100million)byAsiamoney,2012
WontheSilverEffieaprestigiousadvertisingeffectivenessawardforthe6%campaignfeaturingSubbuinthefinancialservicescategory
WontheAsianepaymentAwardsattheAsianLeadershipAwardsintheBestePaymentBank,theBestOnlinePaymentPlatformandePayment
MarketLeadershipcategory
WontheCelentModelBankAwardforcorebankingimplementationinthecategoryInfrastructure&Architecture
WontheSecurityinBankawardbyDataSecurityCouncilofIndia(DSCI)attheDSCIExcellenceAwards,2012
WontheITTransformer'sAwardatTheEMCTransformer'sAwards,2012
WontheGoldawardattheTrade&ForfaitingReview(TFR)Awards2012,underthecategory,BestLocalTradeBankinIndia

References
1. ^ResultMarch2010onBSE(http://www.bseindia.com/qresann/detailedresult_cons.asp?
scrip_cd=500247&qtr=65.5&compname=KOTAK%20MAHINDRA%20BANK%20LTD.&quarter=MC20092010&checkcons=55c)
2. ^http://smartinvestor.businessstandard.com/common/srchoutdet225259interim%20budget
Top_banks_on_a_slide_smaller_peers_do_better_Brand_Finance_study.htm
3. ^http://www.thebanker.com/BankerData/BankerRankings/TheTop500BankingBrands2014?ct=true
4. ^http://www.irglobalrankings.com/irgr2010/web/conteudo_eni.asp?idioma=1&tipo=33182&conta=46&id=184960
5. ^"KotakSecurities"(http://www.kotaksecurities.com).21January2011.
6. ^"India'sMostTrustedBrands"(http://www.trustadvisory.info/allindia_2014.html).
7. ^http://www.kotak.com/annualreport201314/Kotak%20AR%20201314.pdf

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Externallinks
KotakGroupwebsite(http://www.kotak.com/)
KotakSecurities(http://www.kotaksecurities.com/home/index.html)
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