Kotak Mahindra Bank Net Worth is7.9 $Billion
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Company |
Company Name: Kotak Mahindra Bank / company logo
Traded As: 500247 , KOTAKBANK
Foundation: 1985 (as Kotak Mahindra Finance Ltd)/ location
Revenue: 10963/c(2011)[http://www.bseindia.com/qresann/detailedresult cons.asp?scrip cd
Net Income: 1569/c(2011) /
Homepage: http://www.kotak.com/
Kotak Mahindra Bank (BSE: 500247, NSE: KOTAKBANK) is an Indian financial service firm established in 1985. It was previously known as Kotak Mahindra Finance Limited, a non-banking financial company. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank. Today it has more than 20,000 employees and Rs. 10,000 crore in revenue.
Mr. Uday Kotak is Executive Vice Chairman & Managing Director of Kotak Mahindra Bank Ltd. In July 2011 Mr. C. Jayaram and Mr. Dipak Gupta, whole time directors of the Bank, were appointed the Joint Managing Directors of Kotak Mahindra Bank. Dr. Shankar Acharya is the chairman of board of Directors in the company.
The Bank has its registered office at Nariman Bhavan, Nariman Point, Mumbai.
It bought stressed assets from a number of banks, at full loan value of Rs 1,000 crore in 2005. In January 2011, the bank reported a 32% rise in net profit to Rs188 crore for the quarter ended December 2010 against Rs. 142 crore the corresponding quarter last year. Kotak Mahindra bank also reached the top 100 most trusted brands of India in The Brand Trust Report published by Trust Research Advisory in 2011.

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Kotak Mahindra Bank Latest News

Kotak Mahindra Bank is in no mood to sell its 15% stake in MCX: Uday Kotak

Kotak Mahindra Bank is not looking to sell its 15 percent stake in Multi Commodity Exchange (MCX), according to the bank’s managing director Uday Kotak. Kotak said he has no plans to sell stake in the India’s largest commodity exchange. “We have no ...
Posted: June 12, 2018, 7:07 am

Bad loans: Advantage NBFCs & private banks

Last week, in his annual letter to shareholders of Kotak Mahindra Bank, Uday Kotak, the managing director, stated that private sector banks could increase their market share to as much as 50%. Till a few years ago, private sector banks were expected to ...
Posted: June 20, 2018, 6:55 pm

Uday Kotak: Naive to think state ownership can improve governance

... said in an annual message to Kotak Mahindra Bank shareholders. Without naming any lenders or key executives currently mired in allegations, Kotak said bankers need to possess the qualities of prudence, simplicity and humility. Image source: Reuters
Posted: June 15, 2018, 12:08 am
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