Kotak Mahindra Bank: Difference between revisions

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| 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
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* [[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 ==
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[[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]]

Revision as of 20:59, 22 August 2021


Kotak Mahindra Bank
Traded as
ISININE237A01028
IndustryFinancial services
FoundedFebruary 2003; 22 years ago (2003-02)
Founder(s)sUday Kotak
HeadquartersMumbai, India
Key people
ProductsBanking, commodities, credit cards, equities trading, insurance, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management, asset management
RevenueIncrease ₹56,703 crore (US$6.5 billion)[1] (2021)
Increase ₹16,428 crore (US$1.9 billion)[1] (2021)
Increase ₹9,903 crore (US$1.1 billion)[1] (2021)
Total assetsIncrease ₹478,872 crore (US$55 billion)[2] (2021)
Total equityIncrease ₹83,345 crore (US$9.6 billion)[2] (2021)
Number of employees
71,000 (2021)[3]
Subsidiaries
Websitewww.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.[5]

History

In 1985, Uday Kotak founded what later became an Indian financial services conglomerate.[6] 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.[7]

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 US$481 million and brand rating of AA+.[8][9]

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 ₹150 billion (US$1.7 billion). With the merger completed, Kotak Mahindra Bank had almost 40,000 employees, and the number of branches reached 1,261.[10] After the merger, ING Group, which controlled ING Vysya Bank, owned a 7% share in Kotak Mahindra Bank.[11]

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.[12]

Subsidiaries and associates

Major subsidiaries of the Bank include [13]

  • Kotak Mahindra Prime
  • Kotak Mahindra Investments
  • Kotak Securities
  • Kotak Mahindra Capital
  • Kotak Mahindra Life Insurance
  • Kotak Mahindra General Insurance
  • Kotak AMC
  • Kotak Investment Advisors
  • kotak capital Company

Corporate Social Responsibility

In 2020, Kotak pledged to donate ₹50 crore to the PM CARES Fund to fight against the COVID-19 pandemic in India.[14]

See also

References

  1. ↑ 1.0 1.1 1.2 "Kotak Mahindra Bank Consolidated Profit & Loss account, Kotak Mahindra Bank Financial Statement & Accounts". moneycontrol.com. Retrieved 31 August 2020.
  2. ↑ 2.0 2.1 "Kotak Mahindra Bank Consolidated Balance Sheet, Kotak Mahindra Bank Financial Statement & Accounts". moneycontrol.com. Retrieved 31 August 2020.
  3. ↑ "Annual Report 2020" kotak.com (16 March 2018).
  4. ↑ "About our Stock Broking Services". Kotak Securities®.
  5. ↑ "List of private banks by market capitalization". moneycontrol.com. Retrieved 23 April 2019.
  6. ↑ "How Uday Kotak, world's richest banker, made $16 bn after a brush with death". mint. 18 December 2020.
  7. ↑ "About Us". kotak.com. Retrieved 3 December 2015.
  8. ↑ "Top banks on a slide; smaller peers do better: Brand Finance study – The Smart Investor". Retrieved 3 September 2015.
  9. ↑ The Banker. "The Banker – The Banker". Retrieved 3 September 2015.
  10. ↑ "Kotak Bank acquires ING Vysya for INR 15,000 crore". The Hindu. Mumbai. 20 November 2014. Retrieved 15 April 2015.
  11. ↑ "ING Vysya staff seek job surety from Kotak". Business Standard India. BusinessStandard. 6 December 2014. Retrieved 15 April 2015.
  12. ↑ "Kotak Mahindra Bank, HDFC Bank To Acquire 9.99% Each In Ferbine". Moneycontrol. Retrieved 4 March 2021.
  13. ↑ "Investor Presentation" (PDF).{{cite web}}: CS1 maint: url-status (link)
  14. ↑ "Kotak Mahindra Bank, Uday Kotak jointly pledge ₹50 crore to PM-CARES Fund". Livemint. 29 March 2020. Retrieved 2 July 2020.

External links

www.kotak.com

Template:Kotak Mahindra Bank

Template:S&P CNX Nifty companies Template:BSE Sensex

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