Established in 1984
Established in 1984
Established in 1984
financial organizations. In Feb 2003, Kotak Mahindra Finance Ltd., the groups flagship
company was given the license to carry on banking business by the Reserve Bank of India
(RBI).This approval creates banking history since Kotak Mahindra Finance Ltd is the first
company in India to convert to a bank. The license authorizing the bank to carry on banking
business has been obtained from the RBI in tune with Section 22 of the Banking Regulation
Act 1949.
KMBL was promoted by Mr. Uday.S.Kotak, Kotak and Company Ltd and Mr. Sidney
&A.A.Pinto under the name of Kotak Capital Management Finance Ltd on 21st Nov 1985
and obtained a Certificate of Commencement of Business on 11th Feb 1986.
The bank customers have access to entire VISA network of 4500 ATMS in India and
800000ATMS worldwide accepted in more than 56000 establishments across India and 10
million worldwide. The customer also has access to over 800 ATMs with sharing
arrangements with UTI BANK, of these 125 are in the NCR.
Kotak Mahindra Old Mutual Life Insurance Limited is a joint venture between Kotak
Mahindra Bank Ltd. and Old Mutual plc. Kotak Life Insurance helps customers to take
important financial decisions at every stage in life by offering them a wide range of
innovative life insurance products, to make them financially independent.
BOARD OF DIRECTORS
Mr. K.M.Gherda Executive Chairman
Product Detail
Kotak Mahindra Bank is one of the prominent subsidiaries of Kotak Mahindra group. The
activities of the company being parallel to its objective are very wide and cover all the
components of a Bank. The Basic area of Operations is the Banking business, other products
are meant for the regular revenue generation. Being a Banking house, the company is in
regular touch with Banking Accounts, Investment Services, Convenience Banking and Other
Services.
They offer complete solutions that address all your financial requirements, whether you're an
individual or a firm. From everyday banking to long term investments their offering
covers it all. This wide range of products is delivered to you with a genuine understanding of
your specific need and warm