Kotak Mahindra Bank

Kotak Mahindra Bank was set up in 1985 with the name Kotak Mahindra Capital Management Finance. The Kotak Mahindra Bank Ltd. adopted its current name in 2003. The company is under the Kotak Mahindra group.

Kotak Mahindra Bank is one of the topmost financial conglomerates that offer financial solutions encompassing each and every aspect of life. The Kotak Mahindra Bank Company offers various services such as treasury management, housing finance, mutual funds, corporate banking, investment banking, NRI services, asset reconstructing, remittances, and convenience banking. The company offers a wide range of products starting from loan syndication, asset- backed securities (ABS), debt issuance, and mortgage- backed securities (MBS). The Kotak Mahindra Company's net worth is more than Rs. 32 billion and it employs over 10,800 people.

The Kotak Mahindra Bank has a very wide network of franchisees, satellite offices, branches, and representative offices across 300 towns and cities in India. The company also has offices overseas in London, Singapore, New York, Mauritius, and Dubai. Kotak Mahindra Bank serves more than 2.6 million customers. The company's subsidiary companies are Kotak Mahindra Prime, Kotak Securities, Mahindra Invsts, Kotak Forex Brokerage, Kotak Mahindra Capital Co., Kotak Mahindra Trustee Co., and Kotak Mahindra Asset Management.

The net profit of the Mahindra Kotak Bank amounted to Rs. 239.07 million in 2005- 2006 and the next year the figure stood at Rs. 476.78 million. The total income of the bank amounted to Rs. 3065.21 million in 2005- 2006 and the next year the amount increased to Rs. 5944.53 million.

Kotak Mahindra Bank has registered significant growth in its profit levels. This has been possible due to the fact that the company has given high quality services to its customers. This has ensured that the customer is always satisfied and also remains loyal to the bank.