KOTAK MAHINDRA BANK

Established in 1984, Kotak Mahindra is one of India's leading financial conglomerates, offering a complete set of financial solutions. These include commercial banking, stock broking, mutual funds, life insurance, and investment banking. The group has a net worth of over Rs. 3,380 crore and has a distribution network of branches, franchisees, representative offices and satellite offices across 320 cities and towns in India and offices in New York, London, Dubai, Mauritius and Singapore. The group services around 2.9 million customer accounts.

In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to launch its banking business. Kotak Mahindra Finance Ltd. is the first finance company in Indian banking history to convert to a bank.

Recently, Kotak Mahindra Bank Ltd and HDFC Bank have signed a Memorandum of Understanding to share their ATM network. This agreement will give customers of the two banks access to over 1400 ATMs across the country.