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Kotak Mahindra Bank

Kotak Mahindra Bank: A Leading Indian Financial Services Provider Kotak Mahindra Bank Limited, headquartered in Mumbai, is a prominent player in India's banking and financial services sector. Established as a financial services company, it has expanded its offerings to encompass a wide range of prod...

Kotak Mahindra Bank Overview

Kotak Mahindra Bank Image Source : Wikipedia
  • Company type Public
  • Industry Financial services
  • Founded 6 February 2003
  • Founders Uday Kotak
  • Headquarters Mumbai, Maharashtra, India
  • Key people Uday Kotak,
  • Services Consumer banking, Commercial banking, Insurance, Credit cards, Investment banking, Mortgage loans, Private banking, Private equity, Investment management, Asset management, Wealth management, Stockbroking
  • Revenue ₹94,274 crore (US$11 billion) (2024)
  • Net income ₹18,213 crore (US$2.1 billion) (2024)
  • Number of employees 116,000+ (March 2024)
  • Subsidiaries Kotak Mahindra General Insurance, Kotak Life Insurance, Kotak Mahindra AMC, Kotak Securities, Kotak Mahindra Prime
  • Website www.kotak.com

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Kotak Mahindra Bank history

Last Updated : 23/03/25, 07:45 PM
Kotak Mahindra Bank: A Trajectory of Growth Kotak Mahindra Bank's journey began in 1985 with Uday Kotak founding Kotak Capital Management Finance Limited, bootstrapped with a modest loan. Early investments from Anand and Harish Mahindra solidified the foundation, leading to the company's renaming as...

KOTAK MAHINDRA BANK NEWS

A man walks past the Kotak Mahindra Bank branch in New Delhi

Why has RBI barred Kotak Mahindra Bank from onboarding new customers via online, mobile channels?

April 25, 2024 11:50 am

In addition to barring the onboarding of new customers via online channels, the RBI has also forbidden Kotak Mahindra Bank from issuing new credit cards.

RBI,

RBI bars Kotak Mahindra Bank from onboarding new customers via online, mobile banking channels

April 24, 2024 5:25 pm

The RBI said the bank was found to be deficient in its IT Risk and Information Security Governance for the years 2022 and 2023.

kotak mahindra bank

New CEO Vaswani rejigs top leadership at Kotak Bank

February 19, 2024 10:45 pm

Last November, the bank's founder and vice-chairman Uday Kotak announced his resignation from executive positions at the bank effective, citing personal reasons.

Kotak Mahindra Bank said on Saturday that the central bank has approved the appointment of the veteran international banker Vaswani, surprising analysts who had expected an insider would succeed the founder for the top job.

Kotak Mahindra Bank drops over 2% after naming new CEO

October 23, 2023 10:33 am

Shares of Kotak Mahindra Bank fell more than 2% on Monday after it named veteran banker Ashok Vaswani as managing director and CEO following founder Uday Kotak's resignation.

share market news live: Kotak Mahindra Bank fell over 2 per cent in the morning trade, after the lender announced that Ashok Vaswani was going to be the next CEO and MD.

Sensex plunges 826 pts, Nifty tanks 261 pts to 19,282; all sectors bleed, smallcap indices fall upto 4%

October 23, 2023 4:00 pm

LTI Mindtree, Adani Enterprises, Hindalco, JSW Steel, Adani Ports, UPL, Tata Motors, Tata Steel, TCS, HDFC Life, NTPC, Wipro, Coal India and Grasim were the top losers.

RBI approvesAshok Vaswani appointment, Private sector bank Kotak Mahindra Bank, Reserve Bank of India, RBI approval, veteran banker Ashok Vaswani, INDIAN EXPRESS NEWS

RBI approves appointment of Ashok Vaswani as MD & CEO of Kotak Mahindra Bank

October 22, 2023 6:57 am

In the quarter ended September, the bank’s net profit grew 24 per cent to Rs 3,191 crore from Rs 2,581 crore in the same quarter of FY2023.

Ashok Vaswani

International banker Ashok Vaswani to head Kotak Mahindra Bank

October 21, 2023 5:32 pm

Vaswani has a proven track record spanning three-and-a-half decades, initially at Citigroup and more recently, at Barclays, of building and growing global businesses at scale.

Kotak Mahindra Bank on Friday said the Reserve Bank has given approval for its Rs 537-crore acquisition of microlender Sonata Finance.

Kotak Mahindra Bank gets RBI nod for acquisition of microlender Sonata Finance

October 20, 2023 5:00 pm

"RBI has, vide its letter dated October 19, 2023 received by the Bank on October 19, 2023, conveyed its approval to the Bank, for acquiring 100 per cent of the issued and paid up capital in Sonata," a regulatory filing by Kotak Mahindra Bank said.

KVS Manian

KVS Manian: 'Don't see the RBI raising rates at this point in time... deposit rates may go up'

September 04, 2023 2:15 pm

In an interview to HITESH VYAS, GEORGE MATHEW and SANDEEP SINGH, Manian says the current acceleration in inflation is due to transient items such as tomato and onion prices, and is unlikely to go out of hand.

Uday Kotak resigns as CEO

Uday Kotak resigns as CEO of Kotak Mahindra Bank, to take role of non-executive director

September 02, 2023 5:21 pm

As an interim arrangement, the bank said, Dipak Gupta, the Joint Managing Director, will carry out the duties of the MD & CEO until December 31, 2023, subject to approval from the Reserve Bank of India and the members of the bank

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