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Kotak Mahindra Primus was subsequently renamed as Kotak Mahindra Prime. [18] In 2006, Kotak Mahindra Bank bought out Goldman Sachs' 25% stake in Kotak Mahindra Capital for ₹ 210 crore (US$46.35 million) and 25% in Kotak Securities for ₹ 123 crore (US$27.15 million), turning both companies into its wholly-owned subsidiaries. [19]
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]
The term login comes from the verb (to) log in and by analogy with the verb to clock in. Computer systems keep a log of users' access to the system. The term "log" comes from the chip log which was historically used to record distance traveled at sea and was recorded in a ship's log or logbook.
He began his career as a credit analyst and then moved into managing equity funds. [4] He managed various debt and equity schemes, including Kotak Small Cap Fund, Kotak Emerging Equity Fund, Kotak ELSS Tax Saver Fund, Kotak Business Cycle Fund, Kotak Multi Asset Allocation Fund, Kotak Equity Opportunities Fund, and Kotak Debt Hybrid Fund. [5]
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 [update] , had approximately 74 Lakh investors in various schemes. [ 6 ]
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 ]
Zurich Kotak General Insurance Company is an Indian general insurance company headquartered in Mumbai. It offers non-life insurance products like motor, car, bike, health, travel, home and others. [3] It is 70% owned by Swiss insurance company Zurich Insurance.
Kotak may refer to: Kotak (band), an Indonesian rock band; Kotak (surname), surname and people who bear it; Kotak Mahindra Bank, an Indian financial service firm; Kotak Securities, subsidiary of Kotak Mahindra Bank; Kotak, Iran (disambiguation) Qal'eh-ye Kotak (Kotak Castle), a village in Iran; Kotak Bozorg (Greater Kotak), a village in Iran