Kotak Mahindra Bank is an Indian private division bank headquartered in Mumbai, Maharashtra, India. In February 2003, Reserve Bank of India (RBI) gave the permit to Kotak Mahindra Finance Ltd., the gathering's lead organization, to bear on saving money business.

It offers an extensive variety of keeping money items and monetary administrations for corporate and retail clients through an assortment of conveyance diverts and concentrated backups in the ranges of individual fund, venture saving money, extra security, and riches administration.

Kotak Mahindra Bank has a system of 1,369 branches crosswise over 689 areas and 2,163 ATMs in the nation (starting at 31 March, 2017). In 2016, it was the fourth biggest private bank in India by showcase capitalization.

Merger with ING Vysya Bank

In 2014, Kotak Bank gained ING Vysya Bank in an arrangement esteemed at 15,000 crore (US$2.3 billion). With the merger, add up to business will hop to just about 40,000, and the check of branches achieved 1261. Post the merger, ING Group, which controlled ING Vysya Bank, will claim a 7% share in Kotak Mahindra Bank.

The Bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which oblige retail and corporate clients crosswise over urban and rustic India.

Key People

Uday Kotak (Founder & Executive Vice Chairman & MD)

Dipak Gupta (Joint MD)

Jaimin Bhatt (President & Group CFO)

Shanti Ekambaram (President - Consumer Banking)

KVS Manian (President - Corporate, Investment & Institutional Banking)

Mohan Shenoi (Chief Operating Officer)

Gaurang Shah (President - Asset Management, Insurance and International Business)

D Kannan (Group Head - Commercial Banking)

Arvind Kathpalia (President &Group Chief Risk Officer)