Top 10 Banks in India 2017

Posted in Top Brand Lists, Total Reads: 1161
Advertisements

9. Kotak Mahindra

Founded in 1965 as Kotak Mahindra Finance Limited by Uday Kotak, it was a financial service conglomerate.


Image: company website

In 2003, It received a banking license from the Reserve Bank of India and became the first non-banking finance company to be converted into a bank. Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries.

Advertisements

It offers services in the areas of personal finance, investment banking, life insurance, and wealth management. It is headquartered in Mumbai, Maharashtra. Uday Kotak is the Founder Chairman and Managing Director of the company.

It has 1,369 branches as on 31st March 2017 and 2,163 ATMs spread across India. In 2014, Kotak Bank acquired ING Vysya Bank in a deal worth INR 15,000 crore. It has launched Instant A/c opening anytime and anywhere: 811 on 29th March 2017 and is the India’s first downloadable bank account and has zero paperwork during account opening.

It has received the Best Corporate and Investment Bank for India – Asiamoney Best Bank Awards 2017 – India and Fastest Growing midsized bank 2017 – Business today – Money today financial awards.

Interest Earned (Cr): Rs17698.93

Net Profit (Cr): Rs3411

Return of Asset: 0.47%

Net NPA(Cr): Rs1718.07



Looking for Similar Lists, Browse more Top Lists

Share this Page on: