A 100% subsidiary of India’s fastest growing bank, Kotak Mahindra Bank Ltd., Kotak Mahindra General Insurance was established to service the growing non-life insurance segment in India. At Kotak Mahindra General Insurance, we value customer service, quality and innovation above everything else.
The company aims to cater to a wide range of customer segment & geographies offering an array of non-life insurance products like Motor, Health, etc.
Kotak General Insurance has a national footprint of 13 branches spread across India (as on 31st Dec 2017) and an employee base of 354 professionals. (as of 31st Dec 2017)
As a practice, the company seeks to provide a differentiated value proposition through customized products & services leveraging state of art technology & digital infrastructure.
Kotak Mahindra Bank Ltd. is a one stop shop for all your banking needs. The bank offers a wide range of personal finance solutions, from savings accounts to credit cards, and distribution of mutual funds to life insurance products. Kotak Mahindra Bank offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. Kotak has one of the largest and most respected Wealth Management teams in India, which provides a gamut of solutions to high net worth individuals, entrepreneurs, business families, and employed professionals.
Established in 1985, Kotak Mahindra group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first nonbanking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd. (KMBL).
Effective April 1, 2015, ING Vysya Bank Ltd has merged with Kotak Mahindra Bank Ltd creating a Rs 2 trillion institution (consolidated). The merged entity – Kotak Mahindra Bank Ltd. has a significant national footprint of 1,261 branches and 1,939 ATMs spread across 641 locations, affording it the capacity and means to serve even better.
The Bank has three Strategic Business Units catering to retail and corporate customers across urban and rural India. The Consumer Banking business offers complete retail financial solutions including a variety of savings and loan products and innovative digital solutions - Jifi, a first-of-its-kind fully integrated Social Bank Account, redefines digital banking by seamlessly incorporating social networking platforms like Twitter and Facebook with mainstream banking. KayPay is the world's first bank agnostic instant funds transfer platform using Facebook. On the savings bank account front, the Bank offers higher interest rate at 6% p.a. for balances above Rs. 1 lakh, and provides a comprehensive suite of investment services and transactional conveniences.
For more details please visit www.kotak.com
The Kotak Mahindra Group is one of the leading financial services conglomerates in India, and received its banking license from the Reserve Bank of India (RBI) in February 2003.
To find out more, please visit www.kotak.com
Kotak Mahindra Finance Ltd. commences bill discounting business
Enters lease and hire purchase business
Starts auto finance division for financing passenger car
Establishes investment banking division
Joint venture with Goldman Sachs Group Inc. for investment banking; incorporation of Kotak Mahindra Capital Company (KMCC)
6Auto finance business is hived off into a separate company - Kotak Mahindra Primus Limited (now known as Kotak Mahindra Prime Limited), a joint venture with Ford Credit to finance non-Ford vehicles.
Kotak Mahindra takes a significant stake in Ford Credit Kotak Mahindra Ltd., for financing Ford vehicles.
Kotak Mahindra Group launches India's first gilt fund through Kotak Mahindra Asset Management company (KMAMC)
Kotak Mahindra Group launches life insurance business, partners Old Mutual plc to form Kotak Mahindra Old Mutual Life Insurance Ltd.
Kotak Mahindra Finance Ltd. receives its banking license from the RBI, becomes the first non-banking financial company in India to be converted into a commercial bank – Kotak Mahindra Bank Ltd.
Kotak Mahindra Group enters alternate assets business with the launch of a private equity fund
Kotak Mahindra Group realigns joint venture with Ford Credit; takes 100% ownership of Kotak Mahindra Prime (formerly known as Kotak Mahindra Primus Limited) and sells its stake in Ford Credit Kotak Mahindra to Ford
Kotak Alternate Assets launches a real estate fund
Kotak Mahindra Bank buys out Goldman Sachs’ equity stake in Kotak Mahindra Capital Company and Kotak Securities Ltd.
Kotak Mahindra Bank opens a representative office in Dubai
Kotak Mahindra Group launches a pension fund under India's National Pension System (NPS)
Thrust on digital and social with the launch of innovative solutions - first-of-its-kind fully integrated social bank account - 'Jifi', and world's first bank agnostic instant funds transfer platform using Facebook - 'KayPay'. Subsequently in Jan 2015, 'Jifi Saver' - a savings bank account with secure and seamless transactions on popular socia
l networks was launched.
Kotak Mahindra Bank acquires 15% equity stake in Multi Commodity Exchange of India Limited (MCX)
Kotak Mahindra Asset Management Company Ltd. acquires schemes of Pinebridge Mutual Fund
16 Reserve Bank of India (RBI) approves merger of ING Vysya Bank with Kotak Mahindra Bank effective April 1, 2015
Kotak Mahindra General Insurance Receives IRDAI Approval To Commence Insurance Business
Kotak Mahindra Bank Acquires 10,00,000 Equity shares of Institutional Investor Advisory Services India Limited
Kotak Mahindra Bank Acquires 9,83,82,022 (19.90%) Equity Shares of Airtel M Commerce Services Limited Company (AMSL)
Kotak Mahindra Bank launches International Banking Unit in Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat
Kotak Mahindra Bank Acquires BSS Microfinance Private Limited
For more information, please visit www.kotak.com/about_us
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