Kotak Mahindra Bank (KOTAKBANK) was incorporated in 1985 as Kotak Mahindra Capital Management Finance and was renamed as Kotak Mahindra Finance in 1986. It was finally renamed as Kotak Mahindra Bank in 2003. It is owned by the Kotak Mahindra group. Kotak Mahindra is one of India`s leading financial conglomerate offering complete financial solutions that encompass every sphere of life. From commercial banking, to stock broking, to mutual funds, to life insurance, to investment banking, the group caters to the financial needs of individuals and corporates. The group has a net worth of over Rs 32 billion, employs around 10,800 people in its various businesses and has a distribution network of branches, franchisees, representative offices and satellite offices across 300 cities and towns in India and offices in New York, London, Dubai, Mauritius and Singapore. The Group services around 2.6 million customer accounts. Kotak Forex Brokerage, Kotak Mahindra Asset Management Co., Kotak Mahindra Capital Co., Mahindra Invsts, Kotak Mahindra Old Mutual Life Insurance, Kotak Mahindra Prime, Kotak Mahindra Private-Equity Trustee, Kotak Mahindra Trustee Co., Kotak Securities are the bank`s subsidiaries. Its services include corporate banking, treasury management, investment banking, housing finance, equity investments, mutual funds, life insurance, financing in commercial vehicles, trade finance, bancassurance, remittances, NRI services, convenience banking, asset reconstruction, ..etc. The bank offers a variety of products from plain vanilla debt issuance to asset-backed securities (ABS), mortgage-backed securities (MBS), structured products and loan syndication.
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