Kotak Mahindra Bank (KMB)

Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating[2/5]Total Votes [ 14 ]  
Rate this page:
Kotak Mahindra Bank

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

1985Kotak Mahindra Finance Limited started off with Bill Discounting.
1987Kotak Mahindra Finance Limited made its foray into the Lease, Hire and Purchase market.
1990The Auto Finance Division started off.
1991The Investment Banking Division started off. They took over FICOM, one of India's largest financial retail marketing networks.
1992Got into the Funds Syndication sector.
1995The brokerage and distribution businesses of the Group got incorporated into a separate company - Kotak Securities, whereas the investment banking arm was incorporated into a separate company - Kotak Mahindra Capital Company.
1996The auto finance business of the Group was hived off into a separate company - Kotak Mahindra 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.
1998Kotak Mahindra Asset Management Company came into existence and they entered the mutual fund market.
2001Kotak Mahindra made a tie with Old Mutual plc for their Life Insurance business. Kotak Securities launched their site (now www.kotaksecurities.com). Kotak Mahindra Venture Capital Fund was formed and the private equity business of the Group commenced.
2002The Kotak Mahindra Bank representative office started in Dubai. As an anchor investor, Kotak Mahindra Bank invested in Ahmedabad Commodity Exchange.
2003The Reserve Bank of India gave banking license to the flagship company of the Kotak Mahindra Group, Kotak Mahindra Finance Ltd. It converted into a commercial bank.
2004A private equity fund (India Growth Fund) was launched.
2005A real estate fund was launched by Kotak Group.
2006The Group bought 25 percent stake held by Goldman Sachs in Kotak Mahindra Capital Company and Kotak Securities.
2009A pension fund was launched by the Group under India's National Pension System (NPS).
2014Kotak Mahindra Bank acquired 15 percent shares in Multi Commodity Exchange of India Limited (MCX).
2015Kotak Mahindra Bank acquired ING Vysya Bank, taking over 93 percent shares. The RBI gave a 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
Convenience Banking
  • 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 nationals.

Contact Details of Kotak Mahindra Bank

Registered Office
Kotak Mahindra Bank Limited
36-38A, Nariman Bhavan
227 Nariman Point
Mumbai - 400 021

Kotak Mahindra Bank Official Website

www.kotak.com

Kotak Helpline Numbers

For Banking Services: 1800 102 6022
For Credit Card: 1800 102 6022
Abroad: +91 22 6600 6022



Last Updated on May 14, 2015

WBVK WBVDA