Kotak Mahindra Bank

From 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
Net income
Number of

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

15.69 billion(US$250 million)(2011)
29,000 (before merger with ING Vysya) (2015)

employees
Website

www.kotak.com

Kotak Mahindra Bank is the fourth largest Indian private sector bank by market
capitalization, headquartered in Mumbai, Maharashtra. The banks 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

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 Indias leading
financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd.
(KMFL), the Groups 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
worlds 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]