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Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai.It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. [6]
As at 31 January 2011, 74,680 branches or offices of 101 banks in the country (out of around 82,400 bank branches) were NEFT-enabled. Steps are being taken to further widen the coverage both in terms of banks and branches offices. As on 30 December 2017 total number of NEFT enabled branches was increased to 139682 of 188 banks. [14]
In December 2015 the first International Financial Services Centre (IFSC) in India was set up in Gujarat International Finance Tec-City (GIFT City). [5] In 2019 the Government of India enacted an Act of Parliament called the International Financial Services Centres Authority Act, 2019. [6] [7] [5]
The sector is located in Gautam Buddh Nagar district of Uttar Pradesh state India. It is about 20 kms. southeast of New Delhi, 24 kilometres (15 mi) northwest of the district headquarters, Greater Noida and 455 kilometres (283 mi) northwest of the state capital, Lucknow, 18 km from Connaught Place of New Delhi.
Stock Holding Corporation of India Limited (StockHolding) is an Indian custodian and depository participant, based in Mumbai, Maharashtra. [2] StockHolding was established in 1986 as a public limited company and is a subsidiary of IFCI.
The Kotak Mahindra Group was founded in 1985 as a provider of financial services. [8] [9] In February 2003, Kotak Mahindra Finance Ltd (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI) to conduct banking operations in the country and was renamed as Kotak Mahindra Bank, the parent company of Kotak Life Insurance. [10]
Uday Suresh Kotak (born 15 March 1959) is an Indian billionaire banker and founder of Kotak Mahindra Bank, where he is a non-executive director. [2] He resigned from his CEO position in September 2023. [ 3 ]
Federal Bank is recognised at the IBA 19th Annual Technology Expo & Citation 2022-23 as the Best AI & ML Bank. The Bank also emerges as runner-up in Digital Engagement and received a special mention for driving Financial Inclusion. [31] Federal Bank is the winner of 'Best Bank in Fintech Initiative' at the Business Today Banking & Economy ...