Kotak Mahindra Bank

Overview

Kotak Mahindra Bank traces to 1985, when Uday Kotak founded Kotak Mahindra Finance as a small bill-discounting company in Mumbai, naming it jointly with early investor and friend Anand Mahindra. Diversified into investment banking, stock broking, life insurance, auto finance, and mutual funds through the early 1990s, then converted to a full banking license from the RBI in 2003 under the tagline 'Think Investments, Think Kotak.' Entered general insurance via a 2024 partnership making Zurich Insurance a 30% shareholder.

Key Facts

Type

Bank