Kotak Mahindra Bank Appoints Ms. Ketaki Bhagwati as an Independent Director on its Board

Mumbai, 19 May 2024. Kotak Mahindra Bank Limited (“Bank”) today announced the appointment of Ms. Ketaki Bhagwati as an Independent Director on the Bank’s Board for a period of four years, effective May 18, 2024, subject to the approval of the members of the Bank. Announcing the appointment, Mr. C S Rajan, Independent Director and…

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Kotak Mahindra Bank Announces Results

Mumbai, 4thMay, 2024. The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the auditedstandaloneandconsolidatedresultsforthequarterandfinancialyearendedMarch31,2024,atthe Board meeting held in Mumbai, today. KotakMahindraBankstandaloneresults The Bank’s PAT for FY24 increased to ₹ 13,782 crore from ₹ 10,939 crore in FY23, up 26% YoY. PAT for Q4FY24stoodat₹4,133crore,up18%YoYfrom₹3,496croreinQ4FY23(up38%QoQfrom₹3,005crore in Q3FY24). Net InterestIncome(NII)forFY24increasedto₹25,993crore,from₹21,552croreinFY23,up21%YoYand for Q4FY24 increasedto ₹6,909 crore, from…

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Kotak Announces Departure of KVS Manian, Joint Managing Director from the Group

Mumbai, May 01, 2024. Kotak Mahindra Bank (‘the Bank’) today informed the exchanges that KVS Manian, Whole Time Director designated as Joint Managing Director has stepped down from his position to pursue other opportunities in the Financial Services sector. The Board has accepted his resignation with immediate effect. Leveraging its strong leadership strength, the Bank…

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Kotak Organises ‘Sehat Ka Safar’ – Nationwide Health Checkup Drive for Truck Drivers

Mumbai, March, 2024.  Kotak Mahindra Bank (“KMBL” / “Kotak”) has unveiled the 2nd edition of ‘Sehat Ka Safar’, a Kotak Karma initiative, dedicated to prioritizing the physical well-being of truck drivers nationwide. Under this initiative, Kotak is hosting complimentary health check-up camps tailored specifically for this vital workforce. These camps will offer free medical consultations…

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Anupam Kaura joins Kotak Mahindra Bank as its Chief Human Resources Officer

Mumbai,3rd January 2024. Kotak Mahindra Bank Limited (“KMBL”/“Kotak”)today announced the appointment of Anupam Kaura as Chief Human Resources Officer (CHRO) to spearhead organizational transformation, in the journey of ‘accelerating change’at Kotak. Anupam joins Kotak from CRISIL Ltd, London, UK where as Global Chief Human Resources Officer (CHRO) and overseeing Corporate Administration was responsible for various…

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Kotak Mahindra Bank to Appoint Mr. C S Rajan, as Part-Time Chairman

Mumbai, 27th December 2023. Kotak Mahindra Bank Limited (‘Kotak’ or ‘the Bank’) today announced that the Reserve Bank of India (RBI) has approved the appointment of Mr.C S Rajan, Independent Director of the Bank, as the Part-time Chairman, for a period of two years, effective1stJanuary 2024. Mr. Rajan’s appointment as the next Part-time Chairman of…

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Kotak Mahindra Bank Appoints Mr. Eli Leenaars as an Additional and Independent Director on its Board

Mumbai, December 2023. Kotak Mahindra Bank Limited (“Bank”) announced on 18th December, 2023 the appointment of Mr. Eli Leenaars (full name: Mr. Cornelis Petrus Adrianus Joseph Leenaars) as an Additional and Independent Director on the Bank’s Board, for a period of four years, effective January 1, 2024, subject to fulfilment of statutory / regulatory or other…

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Kotak Mahindra Bank Associates with IIT Kanpur to Establish India’s First Fully Integrated School of Sustainability

New Delhi, 15 December 2023. The Indian Institute of Technology Kanpur (IITK) and the Kotak Mahindra Bank Limited (“KMBL”/ “Kotak”) today announced the launch ofKotak School of Sustainability-India’s first fully integrated school of sustainabilityat IIT Kanpur.The launch event was graced by Shri. Dharmendra Pradhan, Hon’ble Union Minister of Education and Skill Development and Entrepreneurship, Government…

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Kotak’s Cardless EMI on Amazon to Offer Instant Consumer Finance in 3 Steps

Mumbai, November 2023. Kotak Mahindra Bank (“KMBL”/ “Kotak”) today announced the launch of Cardless EMI (Equated Monthly Instalments) Payments on Amazon Pay, to provide its pre-approved customers easy access to instant consumer finance*, with just their Mobile Number and PAN (Permanent Account Number). The strategic association with Amazon Pay focuses on providing easy credit access…

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Kotak Mahindra Bank and Zurich Insurance Group Announce Strategic Alliance

Mumbai, November 02, 2023.  Kotak Mahindra Bank Limited (“Bank”), Kotak Mahindra General Insurance Company Limited (“Kotak General Insurance”) and Zurich Insurance Company Limited (“Zurich”) have entered into definitive agreements for a transaction wherebyZurich will invest(approximately)Rs 4,051croreto acquire a51% stake in Kotak General Insurancethrough a combination of fresh growth capital and share purchase. Further, Zurich will…

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Kotak Mahindra Bank partners with National E-Governance Services Limited to issue electronic Bank Guarantee

Mumbai, October 2023. Kotak Mahindra Bank Limited (KMBL/Kotak) today announced that it has partnered with National E-Governance Services Limited (NeSL) to issue its first electronic Bank Guarantee (e-BG) on the latter’s platform. The tie-up enables the digitisation of Trade, thus helping eliminate paper-based issuance of Bank Guarantees. The digitisation includes issuance, amendment, closure, digital stamping…

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Kotak White Credit Card to present a ‘Perfect’ evening with Ed Sheeran

Mumbai, 25th October, 2023. Building on the recent successes of Backstreet Boys’ DNA World Tour– India; Trevor Noah’s Off The Record Tour– India; and WestLife’supcoming The Wild Dreams Tour – India. Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) will present a ‘Perfect’ evening at pop music sensation, Ed Sheeran’s much-awaited ‘+ – = ÷ x’ Mathematics Tour…

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Kotak Mahindra Bank to Appoint International Banker, Ashok Vaswani as MD & CEO

Mumbai,21stOctober2023:Kotak Mahindra Bank (‘Kotak’ or ‘the Bank’) today announced that theReserve Bank of India (RBI) has approved the appointment of Ashok Vaswani as the Bank’s next Managing Director &Chief Executive Officer (MD & CEO). This is for a period of three years from date of taking charge which shall not be later than January 1,…

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Kotak Mahindra Bank Ups The Ante With the Digital Rupee (e₹) App

Mumbai, 31 August, 2023. Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) today announced the introduction of a UPI interoperability feature on its Digital Rupee (e₹) application as a part of the RBI’s CBDC pilot project.With this, e₹ app users can now scan any QR code at merchants to make payments for groceries and daily expenses. This feature…

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