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Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai.It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. [6]
Apart from that being in the road being in center of Kolkata's business hub most of corporate, insurance companies including Unit Trust of India have either their main or liaison or branch offices in and around Netaji Subhas Road. General Post Office and Reserve Bank of India building on Netaji Subhas Road as seen from across Lal Dighi
The bank had also been ranked the "Safest Banker" by the New Indian Express and among "Top 5 Most Trusted Private Sector Banks" by the Economic Times. [7] On 20 November 2014, in an all-stock amalgamation, ING Vysya Bank decided to merge with Kotak Mahindra Bank, creating the fourth largest private sector bank in India. [8]
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]
In 1948 Vysya Bank became a scheduled bank. On 7 October 2002 ING Group took over the Management of the Bank. But again ING Vysya Bank has merged with Kotak Mahindra Bank with effect from 1 April 2015 and the combined entity bears the name Kotak Mahindra Bank. [9] Before merger ING Vysya Bank had about 470 branches spread all over India.
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.
Uday Suresh Kotak (born 15 March 1959) is an Indian billionaire banker and founder of Kotak Mahindra Bank, where he is a non-executive director. [2] He resigned from his CEO position in September 2023. [ 3 ]
Kotak Life Insurance; Kotak Mahindra Bank; Kotak Mutual Fund; Uday Kotak; V. Ashok Vaswani; Z. Zurich Kotak General Insurance This page was last edited on 3 March ...