Kotak Mahindra Bank

From Wikipedia, the free encyclopedia Kotak Mahindra Bank

Type Traded as Industry Founded

Private BSE: 500247 NSE: KOTAKBANK Banking 1985 (as Kotak Mahindra Finance Ltd)

Kotak Mahindra Bank Ltd., Nariman Bhawan, Headquarters Nariman Point, Mumbai, India Key people Mr. Uday Kotak, Dr. Shankar Acharya, Mr. C. Jayaram and Mr. Dipak Gupta Deposit accounts, Loans, Investment services, Business banking solutions, Treasury and Fixed income products etc. ₹10,963.74 crore (US$2.22 billion)(2011)[1] ₹1,569.24 crore (US$318.24 million)(2011) kotak.com


Revenue Net income Website

The Kotak Mahindra Bank (BSE: 500247) is a financial organization established in 1985 in India. It was previously known as Kotak Mahindra Finance Limited, a non-banking financial company. 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). Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank. Today it has more than 20,000 employees and Rs. 10,000 crore in revenue.[2] Mr. Uday Kotak is Executive Vice Chairman & Managing Director of Kotak Mahindra Bank Ltd. In July 2011 Mr. C. Jayaram and Mr. Dipak Gupta, whole time directors of the Bank, were appointed the Joint Managing Directors of Kotak Mahindra Bank. Dr. Shankar Acharya is the chairman of board of Directors in the company. The Bank has its registered office at Nariman Bhavan, Nariman Point, Mumbai.

[edit] History
It bought stressed assets from a number of banks, at full loan value of Rs 1,000 crore in 2005.[3] In January 2011, the bank reported a 32% rise in net profit to Rs188 crore for the quarter ended December 2010 against

Investment 1995 Banking division incorporated into a separate company .com). Malaysia. for the Life Insurance business. Kotak Mahindra takes a significant stake in 1996 Ford Credit Kotak Mahindra Limited. Kotak Securities launches its on-line broking site (now www.the first Indian company to do so. 2005 Launches a real estate fund 2006 Bought the 25% stake held by Goldman Sachs in Kotak Mahindra Capital Company and Securities 2008 Launched a Pension Fund under the New Pension System Kotak Mahindra Bank Ltd. The launch of Matrix Information Services Limited marks the Group's entry into information distribution. 1998 Enters the mutual fund market with the launch of Kotak Mahindra Asset Management Company. a Kotak anchored enterprise. 142 crore the corresponding quarter last year. Opened a representative office in Dubai 2009 Entered Ahmedabad Commodity Exchange as anchor investor Ahmedabad Derivatives and Commodities Exchange. Year Milestone 1986 Kotak Mahindra Finance Limited starts the activity of Bill Discounting 1987 Kotak Mahindra Finance Limited enters the Lease and Hire Purchase market 1990 The Auto Finance division is started The Investment Banking Division is started.Kotak Mahindra Capital Company The Auto Finance Business is hived off into a separate company -Kotak Mahindra Prime Limited (formerly known as Kotak Mahindra Primus Limited).[4] Kotak Mahindra bank also reached the top 100 most trusted brands of India in The Brand Trust Report published by Trust Research Advisory in 2011. Kotak Mahindra Bank Ltd entered into a Business Cooperation arrangement with CIMB Group Sdn 2011 Bhd. 2000 Kotak Mahindra ties up with Old Mutual plc. 2004 Launches India Growth Fund.Securities. Buys Kotak Mahindra Prime (formerly known as 2005 Kotak Mahindra Primus Limited) and sells Ford credit Mahindra. Commencement of 2000 private equity activity through setting up of Kotak Mahindra Venture Capital Fund. one of India's largest financial retail 1991 marketing networks 1992 Enters the Funds Syndication sector Brokerage and Distribution businesses incorporated into a separate company .Rs. 2001 Matrix sold to Friday Corporation 2001 Launches Insurance Services 2003 Kotak Mahindra Finance Ltd. converts to a commercial bank . Kotak Group realigns joint venture in Ford Credit. a private equity fund. Takes over FICOM. became 2010 operational as a national commodity exchange. for financing Ford vehicles. [hide]v · d · e Central bank Reserve Bank of India · NABARD Allahabad Bank · Andhra Bank · Bank of Baroda · Bank of India · Bank of Maharashtra · Canara Bank · Central Bank of India · Corporation Bank · Dena Bank · IDBI Bank · Indian Bank · Indian Overseas Bank · Oriental Bank of Commerce · Punjab & Sind Bank · Punjab National Bank · Syndicate Bank · UCO Bank · Union Bank of India · United Bank of India · Vijaya Bank · State Bank of India · State Bank of Bikaner & Jaipur · State Bank of Hyderabad · State Bank of Indore · State Bank of Mysore · State Bank of Patiala · State Bank of Travancore · State Bank of Saurashtra Banking in India Nationalised banks Axis Bank · Bank of Rajasthan · Catholic Syrian Bank · Dhanalakshmi Bank · South Indian Private banks Bank · City Union Bank · Federal Bank · HDFC Bank · ICICI Bank · IndusInd Bank · ING Vysya Bank · Jammu & Kashmir Bank · Karnataka Bank Limited · Karur Vysya Bank · .kotaksecurities.

^ "Kotak Mahindra Bank net up 32% at Rs 188 cr". Jan 21. a global debit card. mobile banking. How is Kotak Mahindra Bank organized? Kotak Mahindra Bank (KMB) offers a very wide range of products and services targeted at retail customers. 2011. KMB has 5 broad business segments: (Move the mouse pointer over each picture to see it's description)  .Kotak Mahindra Bank · Lakshmi Vilas Bank · Nainital Bank · Ratnakar Bank · Saraswat Bank · Tamilnad Mercantile Bank Limited · Yes Bank · Development Credit Bank ABN AMRO · Abu Dhabi Commercial Bank · Antwerp Diamond Bank · Arab Bangladesh Bank · Bank International Indonesia · Bank of America · Bank of Bahrain and Kuwait · Foreign banks Bank of Ceylon · Bank of Nova Scotia · The Bank of Tokyo-Mitsubishi UFJ · Barclays Bank · Citibank India · Credit Suisse · HSBC · Standard Chartered · Deutsche Bank · Royal Bank of Scotland Regional Rural banks Financial Services North Malabar Gramin Bank · South Malabar Gramin Bank · Pragathi Gramin Bank · Shreyas Gramin Bank Real Time Gross Settlement (RTGS) · National Electronic Fund Transfer (NEFT) · Structured Financial Messaging System (SFMS) · CashTree · Cashnet · Automated Teller Machine (ATM) · De-Materialisation (DEMAT) · Foreign Exchange (FOREX) [edit] Reference 1. convenience banking facilities offered by the Bank include telephone banking. internet banking. 2005. The Hindu. a prepaid spending card and facility to transfer of funds to all Visa debit and credit cards in India. In addition to branch banking. 2. Jun 11.000-cr stressed assets". 4. ^ Result March 2010 on BSE ^ "Corporate News Kotak's new challenges". delivered through a state of the art technology platform. January 28. Mumbai. 3. direct pay services. payment gateway for online shopping. ^ "Kotak Mahindra Bank buys Rs 1. 2011. HIndustan Times. Business Line. [edit] External links          Kotak Group website Kotak Investor Relations website Kotak Bank IFSC Codes Kotak International Kotak Wealth Management Kotak Private Equity Kotak Realty Fund Q1.

   Top   Q2. which is universal. What does the Kotak logo represent?  The symbol of the infinite Ka reflects our global Indian personality. The infinite Ka symbolises that we have infinite number of ways to meet those needs. The Bank was also adjudged amongst the Top 25 Best Employers in India by Aon Hewitt Best Employer in India Study 2011.152 employees. The Ka is uniquely Indian while its curve forms the infinity sign. 2011. How many cities do you have operations? As on March 31. One of the basic tenets of economists is that man's needs are unlimited.  To .  Top  Q3. 2011. Kotak Mahindra Bank had built a network of 321 full fledged branches across 182 cities. Kotak Mahindra Bank (standalone) had 11. How many people work at Kotak Mahindra Bank?  As of March 31.  Top Q4.

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