Kotak Mahindra Bank

Kotak Mahindra Bank

Private
Type BSE: 500247 &
NSE: KOTAKBANK
Industry Banking
1985 (as Kotak Mahindra Finance
Founded
Ltd)
Kotak Mahindra Bank Ltd.,
Nariman Bhawan,
Headquarters
Nariman Point,
Mumbai, India
Mr. K.M. Gherda, Mr. Uday Kotak,
Key people
Dr. Shankar Acharya
Deposit accounts, Loans, Investment
services, Business banking solutions,
Products
Treasury and fixed income products
etc.
9,985.89 crore (US$2.17 billion)
Revenue
(2010)[1]
1,327.36 crore (US$288.04
Net income
million)(2010)
Website kotak.com

The Kotak Mahindra group is a financial organization established in 1985 in India. It was
previously known as the 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.

The bank is headed by K.M. Gherda as Chairman and Uday Kotak as Executive Vice Chairman
& Managing Director. Shankar Acharya is the chairman of board of Directors in the company.

The Bank has its registered office at Nariman Bhavan, Nariman Point, Mumbai.

History

The Kotak Mahindra Group was born in 1985 as Kotak Capital Management Finance Limited.
This company was promoted by Uday Kotak, Sidney A. A. Pinto and Kotak & Company. the
custumer based of this group is more than 14 lakh.Industrialists Harish Mahindra and Anand
Mahindra took a stake in 1986, and that's when the company changed its name to Kotak
Mahindra Finance Limited.

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. Takes over FICOM, one of India's largest
1991
financial retail marketing networks
1992 Enters the Funds Syndication sector
Brokerage and Distribution businesses incorporated into a separate company - Securities.
1995 Investment Banking division incorporated into a separate company - 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). Kotak Mahindra takes a
1996 significant stake in Ford Credit Kotak Mahindra Limited, for financing Ford vehicles. The
launch of Matrix Information Services Limited marks the Group's entry into information
distribution.
Enters the mutual fund market with the launch of Kotak Mahindra Asset Management
1998
Company.
2000 Kotak Mahindra ties up with Old Mutual plc. for the Life Insurance business.
Kotak Securities launches its on-line broking site (now www.kotaksecurities.com).
2000 Commencement of private equity activity through setting up of Kotak Mahindra Venture
Capital Fund.
2001 Matrix sold to Friday Corporation
2001 Launches Insurance Services
Kotak Mahindra Finance Ltd. converts to a commercial bank - the first Indian company to
2003
do so.
2004 Launches India Growth Fund, a private equity fund.
Kotak Group realigns joint venture in Ford Credit; Buys Kotak Mahindra Prime (formerly
2005
known as Kotak Mahindra Primus Limited) and sells Ford credit Mahindra.
2005 Launches a real estate fund
Bought the 25% stake held by Goldman Sachs in Kotak Mahindra Capital Company and
2006
Securities

Kotak Mahindra Bank

The Kotak Mahindra Bank was founded

in 1985. Formerly, the name of the bank
was Kotak Mahindra Finance Limited. It
is currently one of the leading private
sector banks in India.

About Kotak Mahindra Bank

Founded in 1985, Kotak Mahindra

Bank is the banking division of The
Kotak Mahindra Group. At the time of its
inception, the name of the bank was
Kotak Mahindra Finance Limited which
was a non-banking financial company.
The Reserve Bank of India approved
Kotak Mahindra Finance Ltd, the flagship
company of The Kotak Mahindra Group
to start banking operations in India in
February 2003.

Kotak Mahindra Finance Ltd. is the oldest

company in the history of Indian banking
to switch into a bank. The bank is
headquartered in Nariman Point, Mumbai.
Kotak Mahindra Bank is now one of the
fastest growing and most reputed banks in
India.

The bank is listed on the BSE and NSE

and offers a diversified range of products
and services comprising loans, deposit
accounts, business banking solutions,
investment services, fixed income and
treasury products.

Kotak Mahindra Bank serves the myriad

requirements of NRIs, resident Indians
and corporate clients. The bank has a
countrywide network of more than 245
branches and the customer base of the
bank has crossed 8 lakh people.

The bank is one of the most admired

financial services providers in India
because of its state-of-the-art financial
solutions for countless needs of individual
and corporate clients.

In addition to Internet banking and

phone banking, the bank provides
suitable banking facilities through SMS
services, Mobile banking, Home banking,
Netc@rd and BillPay facility to name a
few. With Kotak mahindra online banking
system, one can view one's Demat
Account statements, Check accounts and
Term Deposit details. One can also do
online share trading and shopping along
with easy bill payment mechanism. It
provides a safe and secure platform for
net-banking as well as online
transanctions, by generating exclusive
user id and password for each and every
customer. To apply for internet banking
facility, one has to fill up the form which
can be dowmloaded from the bank's
website. After filling up the form one has
to drop it in drop boxes provided in the
bank branches or can mail it to the
Mumbai Branch.
 Key People of Kotak Mahindra Bank

The bank is led under the able

stewardship of Mr. Uday Kotak as
Executive Vice Chairman & Managing
Director and Chairman Mr. K.M. Gherda.
The chairman of the board of directors of
Kotak Mahindra Bank is Mr. Shankar
Acharya.

Products and services of Kotak

Mahindra Bank

The bank offers a full range of innovative

banking and financial products and
solutions that includes the following:

Personal Banking

Deposits

1. Term Deposits
2. Savings Accounts
3. Safe Deposit Lockers

Cards

Loans

Investments

Convenience Banking

Business Banking

1. Current Accounts
2. Business Banking Solutions
3. Convenience Banking
4. Personal Loans
 5. Trade Service

Corporate Banking

Products

1. Treasury Products
2. Funded Products
3. Fixed Income Products
4. Investment Products

Trade Finance

Transaction Banking

Retail Assets

Current Account

Custody Services

Convenience Banking

NRI Banking

Investment

1) Mutual Funds

1. Recommendation
2. Investment Account
3. MF Assistance

2) Demat Service

1. Portfolio Investment Services

2. Demat Account
3) Insurance

1. Protection Plans
2. Children Savings Plans
3. Savings Plans
4. Growth Plans
5. Market Update

Banking

1) Savings

1. NRE Rupee Savings

2. NRO Rupee Savings

2) Deposits

1. FCNR Deposits
2. Rupee Advantage Plan
3. NRE Term Deposits
4. NRO Term Deposits

3) Convenience Banking

1. P.O. Box Services - US & UK

2. Access India Debit Card
3. Global Debit Card
4. Online Banking
5. Phone Banking

4) Special Accounts

1. Privy League

Transfer
1) FUNDStoHOME

1. Wire Transfer
2. Direct Debit
3. Cheque

2) Remittances from ME

1. Wire Transfer
2. Remittances from ME
3. Cheque

Home Loans

1. Home loans
2. Home improvement loans

Kotak Mahindra Bank Contact Details

Kotak Mahindra Bank Ltd.

Registered Office
36-38A, Nariman Bhavan,
227 Nariman Point,
Mumbai - 400 021
Kotak Mahindra Bank 24 Hour Customer Care Toll Free: 1800 102 6022

Kotak Mahindra Bank is one of India's leading financial private banking institutions. It offers
banking solutions that covers almost every sphere of life. Some of its financial services include
commercial banking, stock broking, mutual funds, life insurance and investment banking.
Established under the brand of Kotak Mahindra Finance Ltd in 1984, it was given the license to
carry on with banking business by the Reserve Bank of India in February 2003. It is the first
company in the Indian banking history to convert to be converted from a private financial
institution to a bank.

Kotak Mahindra Bank : Branches and Business

Within a small span of 6 years, the bank has spread it wings in several sphere of finances.
Presently, spread in 82 cities in India, the bank caters to the needs of its 5.9 million customers
spread throughout the length and breadth of country and even abroad. By the end of FY 2007-
2008, the Kotak Mahindra Bank had about 178 branches spread all over the country and it plans
to add some more branches by the end of FY 2010.

The entire Kotak Mahindra group has a net worth of over Rs. 6,327 crore and at the end of FYP
2007-2008,it was reported that the consolidated profit of Kotak Mahindra Bank individually was
Rs 991.2 crore which was 84% higher than the consolidated profit of Rs 538.2 crore in FY07.
Kotak Mahindra Bank has 75 ATMs at 41 locations in the country which are 24x7 accessible.
Before the free transactions facility of RBI was made mandatory to all the ATM operating banks
in India from April 1, 2009, Kotak Mahindra Bank had underwent under a treaty with the HDFC
Bank to provide free network free of cost to most of its customers through its 1335 ATMs spread
in the country to ensure comfort to its customers.

Kotak Mahindra Bank: Facilities and Customer Care

The facilities of Kotak Mahindra Bank are wide spread. It's banking sector acts as a central
platform for customer relationships across the entire Kotak Mahindra group's various businesses.
The bank marks its presence in the commercial vehicles, retail finance, corporate banking and
treasury and housing finance segments. It offers you several facilities like personal banking,
commercial banking, insurance and investment banking.

Apart from traditional facilities like deposits accounts, savings account, current account, term
deposits, personal loans, home loans the bank has spread its wing in the investment services by
providing its customer facilities like Demat, mutual fund and insurance. The bank has also opted
for net banking, mobile banking and phone banking for convenience of its customers.

Registered Office
Kotak Mahindra Bank
Registered Office
Kotak Mahindra Bank Limited
36-38A, Nariman Bhavan,
227 Nariman Point,
Mumbai - 400 021
Toll free number
North India -1800 116022
Rest of India-1800 226022     
E-mail: [email protected]
URL: www.kotak.com