The Kotak Mahindra Bank is a leading financial private banking sector which is established in 1985 in India. Earlier, it works as non-banking financial organization and known as the Kotak Mahindra Finance limited. In 2003, the Reserve Bank of India has given license to Kotak Mahindra Finance limited to carry banking business and renamed to Kotak Mahindra Bank. The bank has its own headquarter office at Nariman Bhavan, Mumbai. It is also the first financial organization in India that has converted to as a bank. It is spreading its branch all over the country and till now it has about 178 branches spread in 82 cities in India. The number of customers has also reaches to up to 6 millions all over the country. The Kotak Mahindra Bank has its own 75 ATM at 41 locations and also ties up with the HDFC bank to provide free network and at free of cost to use its ATMs spread across the country.
The Kotak Mahindra Bank provides all the comfort to its customers. After the establishment of this bank it provide many services for different sectors like it has started with the bill discounting, Auto finance division, investment banking division etc. In 1998, the bank also enters into the market of mutual fund and launched different services like Insurance services, private equity fund and real estate fund. It also offers high interest rates on money deposit to accounts like Savings account, current account, Term deposits etc. It provide loans like personal loans, home loans, loans against property to fulfill you dreams and the repayment is also at low interest rates. The bank provides services like internet banking, mobile banking and ATM network that give all the convenience and comfort to its customers.
The Kotak Mahindra Bank is known for his investment and insurance services. It has its owned some subsidiaries like Kotak Mahindra Asset management company for mutual funds, Kotak Mahindra Old mutual life insurance for life insurance services, Kotak Mahindra Capital company for investment banking services etc. The bank is helping in retail finance, commercial vehicles, corporate bank and housing finance segments.