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Type
Public company
Traded as
BSE: 500247
NSE: KOTAKBANK
Industry
Founded
Headquarters
Key people
Revenue
Net income
Number of
employees
Website
www.kotak.com
Kotak Mahindra Bank is the fourth largest Indian private sector bank by market
capitalization, headquartered in Mumbai, Maharashtra. The banks registered office
(headquarters) is located at 27BKC, Bandra Kurla Complex, Bandra
East, Mumbai, Maharashtra, India.
In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given
the licence to carry on banking business by theReserve Bank of India (RBI). Kotak
Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a
bank.
As on September 30, 2014, Kotak Mahindra Bank has over 641 branches and over
1,159 ATMs spread across 363 locations in the country. The bank, before merger with
ING Vysya had around 29,000 employees.[2]
Contents
[hide]
1 History
o
1.1 Timelines
3 References
4 External links
History[edit]
Kotak Mahindra group, established in 1985 by Uday Kotak, is one of Indias leading
financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd.
(KMFL), the Groups 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 (KMBL).
In a study by Brand Finance Banking 500, published in February 2014 by the Banker
magazine (from The Financial Times Stable), KMBL was ranked 245th among the
worlds top 500 banks with brand valuation of around half a billion dollars ($481 million)
and brand rating of AA+.[3] [4] KMBL is also ranked among the top 5 Best Ranked
Companies for Corporate Governance in IR Global Ranking. [5]
Timelines[edit]