Kotak Mahindra Bank Eyes Major Growth in Rajasthan’s SME Sector
Jaipur December 20,2024.
Kotak Mahindra Bank has announced ambitious plans to grow its Small and Medium Enterprises (SME) business in Rajasthan. Over the past 18 months, the bank has expanded its SME presence across Kota, Pali, Bhilwara, Balotra and Alwar, in addition to existing coverage in Jaipur, Udaipur and Jodhpur. Leveraging on the local insights and growth opportunity Kotak witnessed substantial growth in the SME customer base and loan book, reflecting the increasing demand from the segment.
Shekhar Bhandari, President of SME at Kotak Mahindra Bank, highlighted that SMEs in Rajasthan are now among the bank's fastest-growing markets. "Rajasthan, with its vibrant economy and diverse industries such as handicrafts, industrial machinery, agriculture, gems and jewellery, real estat...