Kotak Mahindra Bank
|Headquarters||Mumbai, Maharashtra, India|
|Products||Banking, commodities, credit cards, equities trading, insurance, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management, asset management|
|Revenue||₹56,703 crore (US$7.5 billion) (2021)|
|₹16,428 crore (US$2.2 billion) (2021)|
|₹9,903 crore (US$1.3 billion) (2021)|
|Total assets||₹478,872 crore (US$64 billion) (2021)|
|Total equity||₹83,345 crore (US$11 billion) (2021)|
Number of employees
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in the city of Mumbai, India. It is India's third largest private sector bank by assets and by market capitalisation as of November 2021. 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. As of February 2021, the bank has 1600 branches and 2519 ATMs.
In 1985, Uday Kotak founded what later became an Indian financial services conglomerate. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group's flagship company, received a banking licence from the Reserve Bank of India. With this, KMFL became the first non-banking finance company in India to be converted into a bank.
In a study by Brand Finance Banking 500 published in February 2014 by Banker magazine, KMBL was ranked 245th among the world's top 500 banks with a brand valuation of around US$481 million and brand rating of AA+.
Mergers and acquisitions
ING Vysya Bank
In 2015, Kotak Bank acquired ING Vysya Bank in a deal valued at ₹150 billion (US$2.0 billion). With the merger completed, Kotak Mahindra Bank had almost 40,000 employees, and the number of branches reached 1,261. After the merger, ING Group, which controlled ING Vysya Bank, owned a 7% share in Kotak Mahindra Bank.
In 2021, the bank acquired a 9.99% stake in Ferbine, an entity promoted by Tata Group, to operate a Pan-India umbrella entity for retail payment systems, similar to National Payments Corporation of India.
Subsidiaries and associates
Major subsidiaries of the Bank include 
- Kotak Mahindra Prime
- Kotak Mahindra Investments
- Kotak Securities
- Kotak Mahindra Capital
- Kotak Mahindra Life Insurance
- Kotak Mahindra General Insurance
- Kotak AMC
- Kotak Investment Advisors
- kotak capital Company
Corporate Social Responsibility
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- "Kotak Mahindra Bank, HDFC Bank To Acquire 9.99% Each In Ferbine". Moneycontrol. Retrieved 4 March 2021.
- "Investor Presentation" (PDF).
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