Kotak Mahindra Bank
Kotak Mahindra Bank is an Indian financial services company headquartered in Mumbai.
The bank was formed after Kotak Mahindra Finance received a banking license from the Reserve Bank of India in February 2003. This makes it the first non-banking finance company in India to convert into a ban In April 2015, ING Vysya Bank merged with Kotak Mahindra Bank, expanding its assets.
The bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India.
Indian private banks bet on retail loans and foreign deposits
Indian private banks bet on retail loans and foreign deposits
Lenders want to increase their share of high-yielding and predominantly retail loans, said S&P.
India private banks bet on foreign deposits as margins shrink
Of the four largest private banks, only ICICI bucked the trend.
Indian banks benefit from infra spending, lower credit risks
Credit losses may rise in the next 12-24 months but still better than averages.
Kotak Mahindra Bank set for growth as RBI lifts restrictions
The Indian bank is allowed to onboard new customers and issue new credit cards.
Six Indian banks’ outlooks revised to positive as economy strengthens
Infrastructure spending will pave the way for robust economic growth, says S&P.
Kotak Mahindra Bank’s profits up 27% in Q2
It has over 36.6 million customers as of end-September.
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