Kotak Mahindra Bank: Basic Information
Full Name: Kotak Mahindra Bank Limited
Type: Private Sector Bank
Headquarters: Mumbai, Maharashtra, India
Founded: 2003 (as a bank, originally founded in 1985 as Kotak Mahindra Finance Ltd.)
Founder: Uday Kotak
Chairman: Prakash Apte (as of 2025
CEO & MD: Dipak Gupta (Interim, as of 2025)
Tagline: Let’s Make Money Simple
Industry: Banking and Financial Services
Products and Services:
- Retail Banking: Savings accounts, personal loans, credit cards, and fixed deposits
- Corporate Banking: Trade finance, cash management, and business loans
- Wealth Management: Portfolio management and investment advisory
- Digital Banking: Kotak 811, internet banking, and mobile banking solutions
Key Financial Metrics (as of 2024):
- Revenue: ₹60,000 crore (approx.)
- Net Profit: ₹12,000 crore (approx.)
- Market Capitalization: ₹4.2 lakh crore (approx.)
Presence:
- Branches: Over 1,750 across India
- ATMs: More than 2,700 nationwide
- International Operations: Representative offices in major global financial hubs
Recognition:
- Among India’s leading private sector banks
- Known for its innovation in digital banking with Kotak 811
- Consistently ranked for customer satisfaction and financial performance
Kotak Mahindra Bank is one of India’s leading private sector banks, known for its customer-centric financial products and innovative digital solutions. Established in 2003 and headquartered in Mumbai, the bank offers a wide range of services, including retail banking, corporate banking, and wealth management. Kotak’s flagship digital product, Kotak 811, has transformed banking in India, offering a seamless digital account-opening experience. With over 1,750 branches and 2,700 ATMs, the bank has a robust presence across the country, serving millions of customers efficiently.
Like Reliance in its sectors, Kotak Mahindra Bank has been a trailblazer in India’s financial ecosystem. The bank’s focus on leveraging technology, delivering superior customer service, and ensuring robust financial performance has made it a trusted name among individuals and businesses. With its emphasis on innovation, sustainability, and inclusivity, Kotak continues to shape the future of banking in India.