1

Kotak Mahindra Bank

From Wikipedia, the free encyclopedia
Jump to navigationJump to search

Kotak Mahindra Bank Ltd.

Lets Make Money Simple

Type Public

Traded as BSE: 500247

NSE: KOTAKBANK

CNX Nifty Constituent

Industry Banking, financial service

Founded February 2003

Founders Uday Kotak

Headquarters Mumbai, Maharashtra, India

Prakash Apte
Key people
(Chairman)

Uday Kotak

(MD & CEO)

Revenue ₹28,547.24 crore(US$4.1 billion) (2019)[1]

Operating income ₹8,348.18 crore(US$1.2 billion) (2019)[1]

Net income ₹3,865.33 crore(US$560 million) (2019)[1]

Total assets ₹214,589.95 crore(US$31 billion) (2017)[2]

Number of employees 33,013 (2017) [2]

 Subsidiaries Kotak Mahindra General Insurance

Website www.kotak.com

Kotak Mahindra Bank is an Indian private sector bank headquartered

in Mumbai, Maharashtra, India. In February 2003, Reserve Bank of India (RBI) issued the licence to
Kotak Mahindra Finance Ltd., the group's flagship company, to carry on banking business. [3]

It offers banking products and financial services for corporate and retail customers through a variety
of delivery channels and specialized subsidiaries in the areas of personal finance, investment
banking, general insurance, life insurance, and wealth management. As of April 2019, it is second
largest Indian private sector bank by market capitalization.
[4]

History[edit]
In 1985 Uday Kotak established what became an Indian financial services conglomerate. 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.
In a study by Brand Finance Banking 500 published in February 2014 by 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+.
[5][6]

.[8]2

Kotak Mahindra Bank Ltd is one of the fastest growing banks and among the most admired
financial institutions in India. The Bank offers transaction banking, operates lending verticals,
manages IPOs and provides working capital loans. They have one of the largest and most
respected Wealth Management teams in India, providing the widest range of solutions to high net
worth individuals, entrepreneurs, business families and employed professionals. As on 31
December 2017, Kotak Mahindra Bank had 1,375 branches spread across 700 locations and
2,171 ATMs.

The Bank offers complete financial solutions for infinite needs of all individual & non-individual
customers depending on the customer's need - delivered through a state of the art technology
platform. They also offer investment products like Mutual Funds, Life Insurance, retailing of gold
coins and bars etc. Apart from Phone banking and Internet banking, they offer convenient
banking facility through Mobile banking, SMS services, Netc@rd, Home banking and BillPay
facility among others.

The Depository services offered by the Bank allows the customers to hold equity shares,
government securities, bonds and other securities in electronic or Demat forms. Their Salary 2
Wealth offering provides comprehensive administrative solutions for Corporates with features
such as easy and automated web based salary upload process thereby eliminating the paper
work involved in the process, a dedicated relationship manager to service the corporate account,
customized promotions and tie - ups and many such unique features.

The Bank offers comprehensive business solutions for the business community that includes the
Current Account, Trade Services, Cash Management Service and Credit Facilities. Their Wholesale
banking products offer business banking solutions for long-term investments and working capital
needs, advice on mergers and acquisitions and equipment financing. The Bank addresses the
entire spectrum of financial needs of Non-Resident Indians. Their tie-up with the Overseas Indian
Facilitation Centre (OIFC) as a strategic partner gives them a platform to share their
comprehensive range of banking & investment products and services for Non Resident Indians
(NRIs) and Persons of Indian Origin (PIOs).

The bank has overseas subsidiaries with offices in Mauritius, London, Dubai, Singapore, New York
& San Francisco. The overseas subsidiaries are mainly engaged in investment advisory and
investment management of funds, Equity & Debt Trading, management of GDR/ FCCB issuances,
broker & broker dealer activities and investments.

Kotak Mahindra Bank Ltd was incorporated in the year 1985 with the name Kotak Capital
Management Finance Ltd. On April 8, 1986, the company's name was changed Kotak Mahindra
Finance Ltd. They started bill discounting activity. In the year 1987, they entered into lease and
hire purchase market. In the year 1990, they started car finance division and during next year,
they started investment banking division. Also they took over FICOM, one of India's largest
financial retail marketing networks.

In the year 1994, the company formed Kotak Mahindra International in Mauritius and opened an
office in Dubai. They formed Kotak Mahindra (UK) with office in London. In the year 1996, the
car finance business was hived off into a separate company, namely Kotak Mahindra Primus Ltd
and Ford Credit took a 40% stake in Kotak Mahindra Primus. In the year1998, they formed Kotak
Mahindra Inc with office in New York. In the year 2001, Kotak Securities Ltd became a subsidiary
company.

In February 2003, the 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 themselves into a bank as Kotak
Mahindra Bank Ltd. In March 2003, they commenced banking operations. The Bank started their
operations in New Delhi by inaugurating a branch. They entered into ATM sharing agreement
with UTI Bank (now known as Axis Bank), in which the Bank customer's were free to access
around 800 ATM's. They unveiled several home finance products options that include Home Loan,
Home Equity Loan, Home Loan Transfer and Home Improvement Loans. Also, they launched
online remittance services called FUNDS to HOME for Non-resident Indians.

In January 2005, the Bank opened 29th retail-banking branch at Mehsana in Gujarat. In
February 2005, they launched Rajajinagar extension counter in Bangalore and launched free
Mobile Banking facility. Also, they launched their branch at Chennai, Tamilnadu. In February 23,
2005, they opened their retail-banking branch in the business capital of Madhya Pradesh. In
March 2005, they opened their eighth retail-banking branch at Napean Sea Road in Mumbai.

In May 2005, the Bank opened new retail-banking branch at Parry's Corner in Chennai. In June
2005, they opened two retail-banking branches in Delhi at Safdarjung Enclave and Punjabi Bagh.
In October 4, 2005, the Bank acquired 40% stake in Kotak Mahindra Primus Ltd (KMP) held by
Ford Credit International (FCI) thereby giving the Bank and their subsidiary, complete ownership
of KMP. Simultaneously, they also sold their stake in Ford Credit Kotak Mahindra Ltd (FCKM) to
FCI.

In September 2006, the Bank acquired 51% of the paid up Share capital of Kotak Mahindra
Securities Ltd (KMSL) by way of preferential allotment of shares by KMSL to the Bank. In March
2007, the Bank entered into a subscription agreement with International Finance Corporation,
whereby the Bank will issue Upper Tier II Subordinated Bonds by way of Debentures of the value
of USD 45 million with the final maturity of over 15 years.

During the year 2007-08, the Bank increased 73 new full fledged branches & 179 new ATMs,
taking the network size to 178 branches and 314 ATMs. They added new products & services like
Gold debit card, smart fee (a fee solution for Educational Institutions), a GPRS based mobile
banking, Bill presentment and payment facility, online term deposits etc to meet the needs of the
customers.
During the year 2008-09, the Bank added 39 branches and 74 ATMs taking the total network size
to 217 branches and 387 ATMs (including 175 off site ATMs). They introduced several new
features like, Online password, two factor authentication, improved features for security of fund
transfers, e-tax payment facility, auto payment of bills, PIN based IVR.

During the year 2009-10, the Bank added 32 branches, 77 off site and 28 onsite ATMS taking the
total number of branches to 249 Nos, 252 Nos off-site ATMs and 240 Nos on-site ATMs. They had
a debit card base of 829,876. They opened a representative office in Dubai. Also, they entered
Ahmedabad Commodity Exchange as anchor investor.

In June 2010, the Bank entered into an agreement with Sumitomo Mitsui Banking Corporation,
Japan for a preferential issue of 1.64 crore shares at Rs 833 per share which amounts to
approximately 4.5% stake on a post-issue basis for Rs 1,366 crore.

During the year 2010-11, the Bank added 72 branches and 246 ATMs and ended the year with
321 Branches and 710 ATMs, and thereby increasing their presence to 183 locations. They also
added over half a million new customers this year across core banking products of savings and
checking account, term deposits, overdrafts and non resident accounts.

During the year, the Bank's Treasury started Correspondent Banking Division to build and
leverage on relationships with offshore banks for improving quality and international reach for
their customers. Also, the Bank entered into a strategic arrangement with PVR Cinemas, one of
the elite name in entertainment industry, to distribute credit card products aimed at upmarket
customers.

In August 2011, the Bank entered into business cooperation arrangement with CIMB Group Sdn
Bhd, Malaysia (CIMB). In October 2011, Kotak Mahindra Capital Company Ltd, a subsidiary of the
Bank and Evercore Partners, global investment banking advisory firm headquartered in New
York, USA, entered into an exclusive strategic partnership for cross-border M&A advisory services
between India and the United States, the United Kingdom and Mexico.

On 4 September 2012, Kotak Mahindra Bank Ltd. announced that it has entered into a strategic
alliance with Scotiabank, Canada's most international bank to provide financial services to people
immigrating to Canada and to non-resident Indians (NRIs) and People of Indian Origin (PIOs)
seeking bank accounts and other banking services in India. This alliance brings together the
respective strengths of each bank to enable referrals for customers in Canada and India, subject
to local banking regulations.

On 5 February 2013, Kotak Mahindra Bank Ltd. (KMBL) announced that it has acquired a
portfolio of approximately 6,000 business loans with a total loan outstanding of about Rs 700
crore from Barclays Bank PLC, India Branch and Barclays Investment and Loan (India) Ltd. The
acquisition is in line with KMBL's strategy to add value to its existing business lines as it
strengthens its business loans portfolio.

On 12 April 2013, Kotak Mahindra Bank Ltd (KMBL) announced that it has accepted an offer from
Heliconia Pte Ltd, an affiliate of Government of Singapore Investment Corporation Pte Ltd (GIC),
to subscribe to a preferential issue of 2 crore equity shares of KMBL, amounting to approximately
2.6% shareholding in the bank (as of 31 March 2013) on a post-issue basis. The proposed
investment of Rs 1296 crore will be at a price of Rs 648 per share.

On 9 October 2013, the then Deputy Governor of Reserve Bank of India Dr. K. C. Chakrabarty
formally inaugurated Kotak Mahindra Bank's (KMB) 500th branch located at Mumbai's Western
suburb of Kandivali and its 1,000th ATM located at Jayanagar, Bengaluru.

On 30 May 2014, Kotak Mahindra Bank Ltd (KMBL) announced that Kotak Trustee Company
Private Limited, a promoter group entity, has sold approximately 2.5 crore shares amounting to
around 3.24% shareholding in KMBL. Post the transaction, the promoter holding in the KMBL
dropped to 40.33%.

On 20 July 2014, Kotak Mahindra Bank Ltd (KMBL announced that it has entered into a Share
Purchase Agreement (SPA) to purchase 15% equity stake in Multi Commodity Exchange of India
Ltd (MCX), from Financial Technologies (India) Ltd (FTIL), for a consideration of Rs 459 crore. On
25 November 2014, Kotak Mahindra Bank announced its plan to foray into general insurance
business.

Shareholders of Kotak Mahindra Bank at an Extraordinary General Meeting held on 7 January

2015 approved a scheme of amalgamation of ING Vysya Bank Ltd. with Kotak Mahindra Bank
Ltd, with a share exchange ratio of 725 equity shares of Kotak Mahindra Bank Ltd. for every
1,000 equity shares of ING Vysya Bank Ltd. On 20 November 2014, Kotak Mahindra Bank and
ING Vysya Bank Ltd. (IVBL) announced the scheme of merger. ING Vysya Bank Ltd was merged
with Kotak Mahindra Bank with effect from 1 April 2015.

On 29 January 2015, Kotak Mahindra Bank announced that it has agreed to invest 19.9% in
Airtel M Commerce Services Limited (AMSL) which is in the process of applying for Payment Bank
License to the Reserve Bank of India (RBI). AMSL is a subsidiary of Bharti Airtel Limited.

On 3 May 2016, Kotak Mahindra Bank announced the launch of its International Banking Unit
(IBU) in Gujarat International Finance Tec-City (GIFT City), district Gandhinagar.

On 1 September 2016, Kotak Mahindra Bank announced a strategic partnership with Biz2Credit,
a leading US-based online marketplace for small business finance. Kotak Mahindra Bank will start
leveraging the Biz2Credit platform and alliances to increase its Salaried Personal Loan book.

On 30 September 2016, Kotak Mahindra Bank announced that it has executed binding share
purchase agreement to acquire 99.49% of equity shares of BSS Microfinance Private Limited
(BSS), a Non-Banking Finance Company, classified as a NBFC-MFI, from existing shareholders for
an aggregate all-cash consideration of Rs 139.2 crore. As of June 30, 2016, BSS has a networth
of approximately Rs 73 crore and microfinance loans of Rs 483 crore in its books.

On 6 October 2016, Kotak Mahindra Bank announced that it has reduced its base rate by 10
basis points to 9.4% p.a. with effect from 7 October 2016.

On 11 November 2016, Kotak Mahindra Bank announced that it has received Reserve Bank of
India's approval to set up its first overseas branch in Dubai International Financial Centre (DIFC),
Dubai.

Kotak Mahindra Bank reduced its Marginal Cost of Funds based Lending Rate (K-MCLR) by up to
45 basis points (bps) with effect from 1 January 2017 for various tenors. The bank reduced its
base rate by 10 basis points to 9.3% p.a. with effect from 6 January 2017.

On 29 March 2017, Kotak Mahindra Bank announced the launch of 811', India's unique full-
service digital banking ecosystem on mobile that will drive the bank's organic growth agenda.
811 offers a zero balance savings account with zero charges for all digital transactions, where
customers can earn up to 6% p.a. on their savings account balances. 811 offers a completely
digital and paperless account opening experience across nearly 700 locations in India. It can be
opened anywhere, anytime, within 5 minutes, using Kotak's mobile banking app.

The Board of Directors of Kotak Mahindra Bank (Kotak) at its meeting held on 30 March 2017
accorded its approval for fresh issue of up to 6.2 crore equity shares to augment the bank's
capital base.
On 28 April 2017, Kotak Mahindra Bank announced that it has entered into an agreement to
purchase the entire 26% equity stake held by Old Mutual plc, UK (OM) in Kotak Mahindra Old
Mutual Life Insurance Limited (Kotak Life) for a consideration of Rs 1292.7 crore. After the
completion of the transaction, Kotak Mahindra Group will hold 100% of the equity shareholding
of Kotak Life. On 13 October 2017, the bank announced that it has completed the transaction for
acquisition of 26% equity stake held by Old Mutual plc, UK in Kotak Life.

On 18 May 2017, the Securities Issuance Committee of Kotak Mahindra Bank approved allotment
of 6.2 crore equity shares to eligible qualified institutional buyers at issue price of Rs 936 per
share aggregating to Rs 5803.20 crore. The QIP issued opened for subscription on 11 May 2017
and closed on 16 May 2017.

The Board of Directors of Kotak Mahindra Bank at its meeting held on 18 May 2017 approved
increase in ceiling limit on the total shareholding of Foreign Institutional Investors (FIIs)/Foreign
Portfolio Investors (FPIs) in the bank to 43% from 42%.

On 3 August 2017, Kotak Mahindra Bank announced that it has kept interest rates on savings
accounts unchanged for most of the slabs except on savings accounts balance above Rs 1 crore
and up to Rs 5 crore. The interest rate on saving accounts balance above Rs 1 crore and up to Rs
5 crore was cut by 50 basis points to 5.5% from 6% with effect from 4 August 2017.

Founded in the year 1985, Kotak Mahindra Bank is one of the most trusted financial institutions in the country.
It has its headquarters in Mumbai and operates through a network of 1,369 branches and 2,163 ATMs across
689 locations in India. In 2016, Kotak Mahindra Bank was reckoned as the fourth largest private bank in the
country. It offers a wide range of banking and financial services including investment banking, personal
banking, general insurance, life insurance and wealth management.

3 Product and services of kotak

Mahindra bank
Kotak Mahindra Bank Car Loan

Kotak Mahindra Prime Ltd. Car Loan lets you own your dream car at attractive rates of interest. This loan can
be availed both for buying new car or used car; imported cars are also eligible subject to certain terms and
conditions. Loan will be disbursed within 48 hours of completing documentation. Some benefits of Kotak car
loan includes-

 Financing a wide range of cars from some leading brands

 Competitive interest rates

 Speedy processing and disbursal

 Up to 90 percent of the car value can be financed

 Loan tenure up to 7 years

Kotak Mahindra Bank Credit Card

Kotak Mahindra Bank offers a varied range of credit cards to suit the needs of different shopping personalities.
Movie tickets, shopping and dining discounts, fuel surcharge waiver, rewards and cashbacks are a few benefits
offered by Kotak credit cards. The bank has divided its credit card offerings into four categories- dining &
movies, travel & lifestyle, shopping and others. Bonus reward points and milestone benefits add to the
advantages of Kotak credit cards. Some popular credit cards offered by the bank are-

 Royale Signature Credit Card

 Urbane Gold Credit Card

 Solaris Platinum Credit Card

 League Platinum Credit Card

 PVR Gold Credit Card

 Aqua Gold Credit Card

 PVR Platinum Credit Card

 Essentia Platinum Credit Card

Kotak Mahindra Bank Debit Card

The debit card range of Kotak Mahindra Bank gives its customers the power of cashless transactions. These
cards offer several advantages such as VIP lounge access, higher withdrawal limit, personal accident death
cover and golf privileges. Features and benefits may differ from one card to another. Savings account holders
get complimentary debit cards with their accounts depending upon the type of account. Being chip based
cards, these are safer to use and are also OTP secured. Users get SMS alerts after every transaction. Kotak
Mahindra debit cards can be used at every ATM and merchant PoS terminal.

Kotak Mahindra Bank Education Loan

Kotak Mahindra Bank believes that everyone has the right to get good education and hence they offer
education loan to help meritorious students study in their dream colleges. These loans are offered at highly-
competitive rates of interest to pursue education in India as well as abroad. The amount of loan depends on the
institute and the income of the borrower. Loan of up to Rs. 10 Lakhs can be availed for education in India and
the amount can go up to Rs. 20 Lakh if you want to fund education in a foreign country. Documentation
formalities are minimal and the loan is quickly approved provided that all documents are in place.
Kotak Mahindra Bank Fixed Deposit

Fixed Deposit by Kotak Mahindra Bank is one of the best ways to save money and earn interest. It gives you
stable returns and liquidity along with the flexibility to choose when you want the interest to be accrued-
monthly or quarterly. Types of fixed deposits offered by Kotak are-

 Regular Fixed Deposit

 Reinvestment Fixed Deposit

 Senior Citizen Fixed Deposit

 Tax Saving Fixed Deposit

Kotak Fixed Deposit lets you earn interest at attractive rates and booking period ranges from 7 days to 10
years. It is easy for the customers to open an FD account with Kotak through net banking. Premature
withdrawal is also permitted except in case of tax-saving deposits. It also provides more liquidity through the
sweep-in facility. Overdraft, nomination and loan against fixed deposit facilities make it a good choice.

Kotak Mahindra Bank Gold Loan

To help you in meeting cash crunch, Kotak Mahindra Bank offers gold loan facility. It is a type of personal loan
that is secured against gold ornaments or gold coins pledged with the bank. The loan proceeds can be utilized
for debt consolidation, wedding expenses, medical needs or any other type of requirement for which you need
cash. Kotak ensures the safety of the pledged ornament or coins as they will be kept in secured vaults. There is
minimal documentation and the loan is disbursed almost instantly. At the time of taking the loan, the customer
can choose the type of facilities that he/she wants to avail on the loan.

Kotak Mahindra Bank Home Loan

Home loans are also offered by Kotak Mahindra Bank along with highly customized facilities and services.
Competitive rates of interest and simplified documentation makes home buying a pleasurable experience for
the home buyers. The bank offers a higher LTV and the loan tenure can go up to 20 years. Moreover,
outstanding balances of other home loans can also be transferred to Kotak Mahindra Bank. Given below are
some other reasons why Kotak Mahindra Bank home loan is a good deal-

 Document collection at doorstep

 Convenient and hassle-free application process

 Insurance options to cover your home loans at lower premium

 Quicker turnaround time

 Joint home loan facility is also available

Kotak Mahindra Bank Loan against Property

Avail loan against property at lower rates of interest with Kotak Mahindra Bank. Loan amount can range from
Rs. 10 Lakh to Rs. 5 Crores depending on the value of the property pledged to the bank. Residential,
commercial and industrial properties can be put as collateral and the loan proceeds can be utilized for meeting
personal needs as well as the financial needs of your existing business. The loan tenure is flexible and hence
repayment becomes easier for the borrower.

Kotak Mahindra Bank Personal Loan

Meet your unexpected expenses and cash crunch with Kotak Mahindra Bank Personal Loan. The application
procedure is quite easy and the documentation formalities are simplified. One can avail a personal loan starting
from Rs. 50,000 to Rs. 15 Lakhs at competitive rates of interest. Kotak also offers Quick Online Approval for
Personal Loan wherein the borrower has to fill an online form. If he is considered eligible, the bank will give you
a call for further processing of the loan. Prepayment facility is also allowed after serving 12 EMIs. Some
benefits of the loan are-

 Minimal paperwork
 Top up personal loan facility available

 Flexible repayment options

 Instant approval

Kotak Mahindra Bank Savings Account

Kotak Mahindra Bank currently offers one of the best savings account interest rates in the market. One can
customise the account according to his saving needs in order to achieve the saving goal optimally. There is no
transaction fee or monthly account fee. Kotak also offers zero balance savings accounts for the customers.
Here are a few types of savings account offerings by Kotak-

 811 Savings Account

 811 Edge Savings Account

 Edge Savings Account

 Junior – The Savings Account for Kids

 Silk Women’s Savings Account

  Pro Savings Account

 Ace Savings Account

 Sanman Savings Account

 Grand – Savings Programme

 Classic Savings Account

https://en.wikipedia.org/wiki/Kotak_Mahindra_Bank

http://www.capitalmarket.com/Company-Information/Information/About-Company/Kotak-Mahindra-Bank-
Ltd/2330

https://www.paisabazaar.com/kotak-mahindra-bank/

4 About Kotak Mahindra Bank

Kotak Mahindra Bank (KMB) is among the leading financial organisations of India, with a range of
financial services that cater to the day-to-day requirements of the customers. Kotak Mahindra Bank's
products span across various verticals such as commercial banking, stock broking, mutual funds, life
insurance and investment banking, so that diverse needs of individuals and corporate sector are
comfortably taken care of.

Kotak Mahindra Bank had a net worth of more than Rs. 19,076 crore (2014) with the branches,
franchisees, representative offices and satellite offices spread across many cities and towns in India. It
also has offices globally such as in New York, London, San Francisco, Dubai, Mauritius and Singapore.
The Kotak Mahindra Group lends services to approximately 15 million customers.

The Kotak Mahindra Group was founded in 1985 by Uday Kotak and came to be known as Kotak Capital
Management Finance Limited, promoted by Uday Kotak, Sidney A. A. Pinto and Kotak & Company. A
stake in the Kotak Mahindra Group was taken in by industrialists Harish Mahindra and Anand Mahindra
and this was the time when the company changed its name to Kotak Mahindra Finance Limited.

Highlights of the Kotak Mahindra Group since Inception

198 Kotak Mahindra Finance Limited started off with Bill Discounting.
5

198 Kotak Mahindra Finance Limited made its foray into the Lease, Hire and Purchase market.
7

199 The Auto Finance Division started off.

0

199 The Investment Banking Division started off. They took over FICOM, one of India's largest
1 financial retail marketing networks.

199 Got into the Funds Syndication sector.

2
 199 The brokerage and distribution businesses of the Group got incorporated into a separate
5 company - Kotak Securities, whereas the investment banking arm was incorporated into a
separate company - Kotak Mahindra Capital Company.

199 The auto finance business of the Group was hived off into a separate company - Kotak Mahindra
6 Primus Limited. Kotak Mahindra took up a major stake in Ford Credit Kotak Mahindra Limited to
finance Ford vehicles. They launched Matrix Information Services Limited, marking the Group's
entry in information distribution.

199 Kotak Mahindra Asset Management Company came into existence and they entered the mutual
8 fund market.

200 Kotak Mahindra made a tie with Old Mutual plc for their Life Insurance business. Kotak Securities
1 launched their site (now www.kotaksecurities.com). Kotak Mahindra Venture Capital Fund was
formed and the private equity business of the Group commenced.

200 The Kotak Mahindra Bank representative office started in Dubai. As an anchor investor, Kotak
2 Mahindra Bank invested in Ahmedabad Commodity Exchange.

200 The Reserve Bank of India gave banking license to the flagship company of the Kotak Mahindra
3 Group, Kotak Mahindra Finance Ltd. It converted into a commercial bank.

200 A private equity fund (India Growth Fund) was launched.

4

200 A real estate fund was launched by Kotak Group.

5

200 The Group bought 25 percent stake held by Goldman Sachs in Kotak Mahindra Capital Company
6 and Kotak Securities.

200 A pension fund was launched by the Group under India's National Pension System (NPS).
9

201 Kotak Mahindra Bank acquired 15 percent shares in Multi Commodity Exchange of India Limited
4 (MCX).

201 Kotak Mahindra Bank acquired ING Vysya Bank, taking over 93 percent shares. The RBI gave a
5 nod to the merger.

Kotak Group Products and Services

1. Bank
2. Credit Cards
3. Life Insurance
4. Mutual Funds
5. Car Finance
6. Securities
7. Institutional Equities
8. Investment Banking
9. International Business
10. Kotak Private Equity
11. Kotak Realty Fund
12. Wealth Management
Services of Kotak Mahindra Bank
Deposit Accounts

 Savings Account
 Current Account
 Term Deposits
 Corporate Salary Accounts
 JIFI Account
 Safe Deposit Locker
 Kotak 3-in-1 Account
Kotak Loans

 Personal Loans
 Home Loans
 Loan Against Property
 Education Loan
 Tractor Finance
 Rural Auto & Farm Equipment Finance
 Home Improvement Loans
 Home Loan Balance Transfer
 Gold Loans
 Commercial Vehicle Finance
 Loan Against Securities
 Construction Equipment/Infrastructure Finance
 Saral Auto Finance
Kotak Cards

 Debit Cards
 Credit Cards
 Compare Credit Cards
 Kotak Netc@rd
 Best Compliment Cards
 Kotak Multi Currency World Travel Cards
ConvenienceBanking

 Net Banking
 Mobile Banking
 Phone Banking
 ATM Network
 Money Watch
 Hashtag Banking
 Kotak Payment Gateway
 Insta Balance Service
 Immediate Payment Service
 Alerts
 SMS Banking
 Cash Deposit Machine
Investment and Insurance

 Demat
 Mutual Funds
 Life Insurance
 Qualified Foreign Investor
 ASBA
 National Pension System
Kotak Mahindra Bank Loans
Kotak Mahindra Bank loans comprise Education Loans, Commercial Loans, Home Loans, Personal Loans
and Loans Against Property to name a few. Kotak Mahindra Bank Limited belongs to the leading Indian
financial conglomerate Kotak Mahindra Group.

Kotak Mahindra Bank Home Loans

Kotak Home Loans come with a host of attractive features. Some of the salient features are described
below:

 High loan eligibility for businessmen

 Doorstep service
 Wide array of offerings
 Absence of hidden charges
 Simplified documentation
 Life insurance options
Kotak Mahindra Bank Personal Loans
Loans Against Property is a unique product offered by Kotak Mahindra. This loan can be used for issues
like debt consolidation, educational finance, emergencies and the like.

Some key features of this loan are given below:

 Heightened loan eligibility for businesspersons

 Loans are available against both commercial and residential properties
 Personal accident insurance comes free with the loan
 Loan range is from Rs. 10 lakh to Rs. 3 crore
Getting personal loans offered by Kotak Mahindra Bank Limited is fast and easy. These loans are also
known as ‘Jaldi Loans’. The loan range is from Rs. 50,000 to Rs. 50 lakh. Easy and flexible EMIs are
available for repayment. The entire process involves minimal paperwork. Loan approval period can be
as low as 72 hours. There are a host of other privileges associated with this loan.
Apart from these, Kotak Mahindra Bank Limited also offers commercial loans under the head of Retail
Assets. These loans can be used for a variety of financing purposes like Commercial Vehicle Financing,
Working Capital Financing, Infrastructure Financing and Financing of Tractor and Farm Equipment.

Kotak Mahindra Bank Education Loans

A student can avail a maximum of Rs.10 lakh of education loan for education in India and Rs. 20 lakh
for education oversees. The beneficiary should at least be 21 years old at the time of loan being
provided and a maximum of 70 years old at the time of maturity of the loan. Loan is provided to only
Indian national

https://business.mapsofindia.com/banks-in-india/kotak-mahindra-bank.html