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

Sensex ends 174 points lower, Nifty ends below 10,200; Kotak Bank up 1%

Kotak Mahindra Bank, ONGC, HPCL and IOC were the top gainers, while BHEL, Tata Motors DVR, Vedanta and Cipla lost the most. 3:20 pm Buzzing Stock: Rico Auto Industries shares rallied more than 3 percent intraday Wednesday on signing joint venture agreement ...
Posted: December 13, 2017, 4:30 am

PNB, Indian Bank, Syndicate Bank likely to launch QIPs this month

Fundraising activity this year has seen banks such as State Bank of India (SBI) and Kotak Mahindra Bank raising the largest QIPs ever seen from a public and private sector company, respectively. In June, the country’s largest lender SBI raised Rs15,000 ...
Posted: December 10, 2017, 10:39 am

FD Rates Of Interest By SBI, PNB, ICICI Bank, Kotak Mahindra Bank

Fixed deposits (FDs) are an attractive mode of parking one's money safely. It offers security in terms of savings on one's income. A fixed deposit, which is provided by banks or non-banking finance companies, offers a rate of interest that is higher than ...
Posted: December 14, 2017, 6:37 am
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