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In February 2003, Kotak Mahindra Finance received a banking licence from the Reserve Bank of India, becoming India's first non-banking finance company to be converted into a bank. Kotak Mahindra Finance was then renamed Kotak Mahindra Bank. [15] At the time, Uday Kotak had a 56% stake in the company while Anand Mahindra held a 5% stake. [16]
In terms of time usage, both the 24-hour clock and 12-hour clock are widely used in the country. The 12-hour notation is widely used in daily life, written communication, and is used in spoken language.
The Kotak Mahindra Group was founded in 1985 as a provider of financial services. [8] [9] In February 2003, Kotak Mahindra Finance Ltd (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI) to conduct banking operations in the country and was renamed as Kotak Mahindra Bank, the parent company of Kotak Life Insurance. [10]
Kotak Mutual Fund is an Indian mutual fund that is managed by Mahindra Asset Management Company (KMAMC). KMAMC started operations in December 1998 and as of 2018, had approximately 74 Lakh investors in various schemes. [6] The fund is a wholly-owned subsidiary of Kotak Mahindra Bank.
Most civil airports in Pakistan are operated by the Pakistan Civil Aviation Authority. However, Sialkot International Airport, owned by the Sialkot Chamber of Commerce and Industry , stands out as Pakistan's first privately owned airport, also the first of its kind in South Asia, and is open to both domestic and international flights.
In April 2015, Kotak General Insurance received the license to conduct general insurance business in India from the Insurance Regulatory and Development Authority of India (IRDAI). [ 4 ] [ 5 ] By September 2020, the business it had grown to have a national footprint of 19 branches spread across India.
The Karachi Stock Exchange, now consolidated as part of the Pakistan Stock Exchange, is headquartered here along with the largest banks, namely Habib Bank, United Bank, National Bank, Standard Chartered's Pakistani subsidiary and the State Bank – the nation's central bank. It is also the headquarters of media companies Hum Network and Geo ...
Lahore Junction railway station in Lahore, Pakistan's largest railway station in terms of area. Karachi Cantonment railway station in Karachi is the busiest station in Pakistan. The following are the active railway stations in Pakistan. Rawalpindi Railway Station