CleanupBot II: Removed empty portal template using script

2023-08-14T09:10:39Z

Removed empty portal template using script

← Older revision		Revision as of 14:40, 14 August 2023
Line 79:		Line 79:

	==See also==		==See also==
	~~{{Portal\|Banks}}~~
	* [[Banking in India]]		* [[Banking in India]]
	* [[List of banks in India]]		* [[List of banks in India]]

49.37.243.21 at 05:27, 17 February 2023

2023-02-17T05:27:57Z

Show changes

49.37.247.133: robot: Update article (please report if you notice any mistake or error in this edit)

2022-06-15T08:26:16Z

robot: Update article (please report if you notice any mistake or error in this edit)

Show changes

imported>DaxServer: Add back cat per discussion WP:TCAT using Pywikibot category add

2021-08-22T15:29:58Z

Add back cat per discussion WP:TCAT using Pywikibot category add

← Older revision		Revision as of 20:59, 22 August 2021
Line 7:		Line 7:
	\| logo_size =		\| logo_size =
	\| logo_caption = ''Lets Make Money Simple''		\| logo_caption = ''Lets Make Money Simple''
	\| type = [[~~Public company\|~~Public]]		\| type = [[Public]]
	\| traded_as = {{ubl\|{{BSE\|500247}}\|{{NSE\|KOTAKBANK}}\|[[BSE SENSEX\|BSE SENSEX Constituent]]\|[[NIFTY 50\|NSE NIFTY 50 Constituent]]}}		\| traded_as = {{ubl\|{{BSE\|500247}}\|{{NSE\|KOTAKBANK}}\|[[BSE SENSEX\|BSE SENSEX Constituent]]\|[[NIFTY 50\|NSE NIFTY 50 Constituent]]}}
	\| ISIN = INE237A01028		\| ISIN = INE237A01028
Line 59:		Line 59:
	* [[Kotak Mutual Fund\|Kotak AMC]]		* [[Kotak Mutual Fund\|Kotak AMC]]
	* Kotak Investment Advisors		* Kotak Investment Advisors
			* kotak capital Company

	== Corporate Social Responsibility ==		== Corporate Social Responsibility ==
Line 93:		Line 94:
	[[Category:Kotak Mahindra Bank]]		[[Category:Kotak Mahindra Bank]]
	[[Category:Indian companies established in 2003]]		[[Category:Indian companies established in 2003]]
			[[Category:Companies listed on the National Stock Exchange of India]]
			[[Category:Companies listed on the Bombay Stock Exchange]]

103.146.240.13 at 21:51, 5 July 2021

2021-07-05T21:51:57Z

New page

{{short description|Indian private sector bank}}
{{Use Indian English|date=August 2020}}
{{Use dmy dates|date=December 2020}}
{{Infobox company
| name = Kotak Mahindra Bank
| logo = Kotak Mahindra Group logo.svg
| logo_size =
| logo_caption = ''Lets Make Money Simple''
| type = [[Public company|Public]]
| traded_as = {{ubl|{{BSE|500247}}|{{NSE|KOTAKBANK}}|[[BSE SENSEX|BSE SENSEX Constituent]]|[[NIFTY 50|NSE NIFTY 50 Constituent]]}}
| ISIN = INE237A01028
| industry = [[Financial services]]
| products = [[Banking]], [[commodities]], [[credit card]]s, [[equities trading]], [[insurance]], [[investment management]], [[mortgage loan]]s, [[mutual funds]], [[private equity]], [[risk management]], [[wealth management]], [[asset management]]
| founders = [[Uday Kotak]]
| key_people = {{ubl|[[Prakash Apte]]|{{small|(Chairman)}}|[[Uday Kotak]]|{{small|(MD & CEO)}}}}
| revenue = {{Increase}} {{INRConvert|56703|c}}<ref name=is>{{Cite web|title=Kotak Mahindra Bank Consolidated Profit & Loss account, Kotak Mahindra Bank Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/kotakmahindrabank/consolidated-profit-lossVI/KMB|access-date=31 August 2020|website=moneycontrol.com|language=en}}</ref>
| revenue_year = 2021
| operating_income = {{Increase}} {{INRConvert|16428|c}}<ref name=is/>
| income_year = 2021
| net_income = {{Increase}} {{INRConvert|9903|c}}<ref name=is/>
| net_income_year = 2021
| assets = {{Increase}} {{INRConvert|478872|c}}<ref name=bsl>{{Cite web|title=Kotak Mahindra Bank Consolidated Balance Sheet, Kotak Mahindra Bank Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/kotakmahindrabank/consolidated-balance-sheetVI/KMB|access-date=31 August 2020|website=moneycontrol.com|language=en}}</ref>
| assets_year = 2021
| equity = {{Increase}} {{INRConvert|83345|c}}<ref name=bsl/>
| equity_year = 2021
| num_employees = 71,000 (2021)<ref name=BL>[https://www.kotak.com/content/dam/Kotak/investor-relation/Financial-Result/Annual-Reports/FY-2020/kotak-mahindra-bank/Kotak_Mahindra_Bank_Limited_FY20.pdf "Annual Report 2020"] kotak.com (16 March 2018).</ref>
| foundation = {{Start date and age|2003|02||df=yes}}
| location = Mumbai, India
| subsid = {{ubl|[[Kotak Mahindra General Insurance]]|[[Kotak Life Insurance]]|[[Kotak Mutual Fund]]|[[Kotak Securities]]<ref>{{Cite web|url=https://www.kotaksecurities.com/ksweb/About-Us/Why-Choose-Us/About-Kotak-Securities|title=About our Stock Broking Services|website=Kotak Securities®}}</ref>|Kotak Mahindra Prime Ltd.|[[Airtel Payments Bank]]}}
| homepage = {{URL|www.kotak.com}}
}}
'''Kotak Mahindra Bank Limited''' is an Indian [[banking]] & [[financial services]] company headquartered in the city of Mumbai, India. 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]].

As of February 2021, it is the third largest Indian private sector bank by market capitalization, with 1600 branches & 2519 ATMs.<ref>{{cite news|title=List of private banks by market capitalization |url=http://www.moneycontrol.com/stocks/data-bank/standalone/banks-private-sector/1/mkt-data/mktcap|website=moneycontrol.com|access-date=23 April 2019}}</ref>

==History==
In 1985, [[Uday Kotak]] founded what later became an Indian financial services conglomerate.<ref>{{cite web |title=How Uday Kotak, world's richest banker, made $16 bn after a brush with death |url=https://www.livemint.com/companies/people/how-uday-kotak-world-s-richest-banker-made-16-bn-after-a-brush-with-death-11608248541743.html |website=mint |language=en |date=18 December 2020}}</ref> In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group's flagship company, received a banking licence from the [[Reserve Bank of India]]. With this, KMFL became the first non-banking finance company in India to be converted into a bank.<ref>{{Cite web|title = About Us|url = http://www.kotak.com/about-us.html|website = kotak.com|access-date = 3 December 2015}}</ref>

In a study by Brand Finance Banking 500 published in February 2014 by ''Banker'' magazine, KMBL was ranked 245th among the world's top 500 banks with a brand valuation of around {{USD|481 million}} and brand rating of AA+.<ref>{{cite web|url=http://smartinvestor.business-standard.com/common/srchoutdet-225259-interim%20budget-Top_banks_on_a_slide_smaller_peers_do_better_Brand_Finance_study.htm|title=Top banks on a slide; smaller peers do better: Brand Finance study – The Smart Investor|access-date=3 September 2015}}</ref><ref>{{cite web|url=http://www.thebanker.com/Banker-Data/Banker-Rankings/The-Top-500-Banking-Brands-2014?ct=true|title=The Banker – The Banker|author=The Banker|access-date=3 September 2015}}</ref>
[[File:ATM of Kotak in Shyambazar 01.jpg|thumb|right|A Kotak Mahindra Bank ATM in [[Kolkata]]]]

== Mergers and acquisitions ==

=== ING Vysya Bank ===
In 2015, Kotak Bank acquired [[ING Vysya Bank]] in a deal valued at {{INRConvert|150|b}}. With the merger completed, Kotak Mahindra Bank had almost 40,000 employees, and the number of branches reached 1,261.<ref>{{cite news|title=Kotak Bank acquires ING Vysya for INR 15,000 crore|url=http://www.thehindubusinessline.com/industry-and-economy/banking/kotak-mahindra-board-okays-merger-of-ing-vysya-bank/article6618345.ece|access-date=15 April 2015|work=The Hindu|date=20 November 2014|location=Mumbai}}</ref> After the merger, [[ING Group]], which controlled ING Vysya Bank, owned a 7% share in Kotak Mahindra Bank.<ref>{{cite news|title=ING Vysya staff seek job surety from Kotak|url=http://www.business-standard.com/article/finance/ing-vysya-staff-seek-job-surety-from-kotak-114120600080_1.html|newspaper=Business Standard India|publisher=BusinessStandard|access-date=15 April 2015|date=6 December 2014}}</ref>

=== Ferbine ===
In 2021, the bank acquired a 9.99% stake in Ferbine, an entity promoted by [[Tata Group]], to operate a Pan-India umbrella entity for retail payment systems, similar to [[National Payments Corporation of India]].<ref>{{Cite web|title=Kotak Mahindra Bank, HDFC Bank To Acquire 9.99% Each In Ferbine|url=https://www.moneycontrol.com/news/business/markets/kotak-mahindra-bank-hdfc-bank-to-acquire-9-99-each-in-ferbine-private-ltd-6578201.html|access-date=2021-03-04|website=Moneycontrol}}</ref>

== Subsidiaries and associates ==
Major subsidiaries of the Bank include <ref>{{Cite web|title=Investor Presentation|url=https://duzycfafl38re.cloudfront.net/Reports/InvestorPresentation/100247_20210127224012343.pdf|url-status=live}}</ref>

* Kotak Mahindra Prime
* Kotak Mahindra Investments
* Kotak Securities
* Kotak Mahindra Capital
* Kotak Mahindra Life Insurance
* Kotak Mahindra General Insurance
* [[Kotak Mutual Fund|Kotak AMC]]
* Kotak Investment Advisors

== Corporate Social Responsibility ==
In 2020, Kotak pledged to donate {{INR|50 crore}} to the [[PM CARES Fund]] to fight against the [[COVID-19 pandemic]] in India.<ref>{{Cite web|date=29 March 2020|title=Kotak Mahindra Bank, Uday Kotak jointly pledge ₹50 crore to PM-CARES Fund|url=https://www.livemint.com/news/india/kotak-mahindra-bank-uday-kotak-jointly-pledge-rs-50-crore-to-pm-cares-fund-11585477616252.html|access-date=2 July 2020|website=Livemint|language=en}}</ref>

==See also==
{{Portal|Banks}}
* [[Banking in India]]
* [[List of banks in India]]
* [[Reserve Bank of India]]
* [[Indian Financial System Code]]
* [[List of largest banks]]
* [[List of companies of India]]
* [[Make in India]]

==References==
{{reflist}}

== External links ==
{{Official website|https://www.kotak.com}}

{{Banking in India}}
{{Kotak Mahindra Bank}}
{{Nifty 200 companies}}
{{S&P CNX Nifty companies}}
{{BSE Sensex}}

[[Category:Banks based in Mumbai]]
[[Category:Banks established in 2003]]
[[Category:NIFTY 50]]
[[Category:Financial services companies of India]]
[[Category:2003 establishments in Maharashtra]]
[[Category:BSE SENSEX]]
[[Category:Kotak Mahindra Bank]]
[[Category:Indian companies established in 2003]]

Kotak Mahindra Bank - Revision history

CleanupBot II: Removed empty portal template using script

49.37.243.21 at 05:27, 17 February 2023

49.37.247.133: robot: Update article (please report if you notice any mistake or error in this edit)

imported>DaxServer: Add back cat per discussion WP:TCAT using Pywikibot category add

103.146.240.13 at 21:51, 5 July 2021