Kotak Mahindra Bank

Kotak Mahindra Bank

Kotak Mahindra Bank Logo

Kotak Mahindra Bank is main Indian private bank. Its headquartered in Mumbai, Maharashtra, India. Kotak Mahindra Finance Ltd In 2003 February get a licence of bank from Reserve Bank of India (RBI). the group’s flagship company, to carry on banking business.
Kotak mahindra bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
Kotak Mahindra Bank Terriest has a network of 1,369 branches across 689 locations and 2,163 ATMs in the country (as of 31 March, 2017). In 2016, it was the fourth largest private bank in India by market capitalization

Merger with ING Vysya Bank
In 2014, Kotak Bank acquired ING Vysya Bank in a deal valued at ₹15,000 crore (US$2.3 billion). With the merger, total employment will jump to almost 40,000, and the count of branches reached 1261. Post the merger, ING Group, which controlled ING Vysya Bank, will own a 7% share in Kotak Mahindra Bank.

IFSC Code of bank : KKBK0004100