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Kotak Mahindra Bank : India Essay

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Kotak Mahindra Bank
Kotak Mahindra Bank stands fourth among the entire Indian private sector bank. It headquartered in Mumbai, Maharashtra. Its registered office is in Mumbai, Maharashtra, India. Kotak Mahindra Finance Ltd. (KMFL) is the flagship company of Kotak Mahindra Bank.
The bank was established in 1985 by Uday Kotak. In February 2003, KMFL got a banking license from the Reserve Bank of India (RBI) which made Kotak Mahindra Bank India’s first non-banking company to become a bank. The bank offers deposit accounts, loans, investment services, business banking solutions, treasury and fixed income products etc.
Kotak Mahindra Asset Management Company Ltd (KMAMC) is a subsidiary of the KMFL. It is the asset manager of the Kotak Mahindra Mutual Funds. It was started in December 1998 and is having approximately 7.5 lac investors in different schemes. The 79 branches of the company are present in over 76 cities. It was the first fund house in India to launch a good gilt scheme which allows investing only in schemes by government.
The network is having its representative offices in San Francisco, New York, London, Mauritius, Dubai and Singapore, resulting in services for approximately 5.6 million customer accounts. KMFL is a diversified financial institution with its interest in life insurance (Kotak Mahindra Old Mutual Life Insurance Ltd.), vehicle financing (Kotak Mahindra Primus), investment banking (Kotak Securities), mutual funds (Kotak Mahindra Asset Management

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