Established in 1985, the Kotak Mahindra group has been one of India's most reputed financial conglomerates. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). This approval created banking history since Kotak Mahindra Finance Ltd. is the first non-banking finance company in India to convert itself in to a bank as Kotak Mahindra Bank Ltd. Today, the bank is one of the fastest growing bank and among the most admired financial institutions in India.
The bank has over 323 branches and a customer account base of over 2.7 million. Spread all over India, not just in the metros but in Tier II cities and rural India as well, it is redefining the reach and power of banking. Presently it is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. It caters to the financial needs of individuals and corporates. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.
Products and Services
ICAI Award - Excellence in Financial Reporting under Category 1 - Banking Sector for the year ending 31st March, 2010
Asiamoney - Best Local Cash Management Bank 2010
IDG India - Kotak won the CIO 100 'The Agile 100' award 2010
IR Global Rankings - Best Corporate Governance Practices - Ranked among the top 5 companies in Asia Pacific, 2009
FinanceAsia - Best Private Bank in India, for Wealth Management business, 2009
Kotak Royal Signature Credit Card - Was chosen 'Product of the Year' in a survey conducted by Nielsen in 2009
IBA Banking Technology Awards
Euromoney - Best Private Banking Services (overall), 2009
Emerson Uptime Champion Awards - Technology Senate Emerson Uptime Championship Award in the BFSI category, 2008
2010Best Investment Bank in India, 2010Best Equity House in India, 2010Best Broker in India, 2010Best Domestic Equity House, 2010Best Local Brokerage in the Asiamoney Brokers Poll – 2010Best Investment Bank in India, 2010Best Bank for Equity Finance in India, 2010Best Domestic Investment Bank, 2010Best Investment Bank in India, 2006, 2007, 2008, 2009 & 2010Best Equity House in India, 2008 & 2010Best Domestic Equity House, 2008, 2009 & 2010Kotak Mahindra Bank has launched a credit card called Kotak Trump Card that offers 10% cash back on dining as well as movie and play spends.Kotak Mahindra Bank (KMB) has introduced Stock Ace, a new product offering for individual customers which provides them the power of instant liquidity.
Kotak Mahindra Bank launches interbank mobile payment service