Kotak Mahindra Bank Is Scheduled Bank

Hi buddy I want to know Kotak Mahindra Bank Ltd. is Scheduled Bank or not, so plz let me know about the same here ???

Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India.

Yes Kotak Mahindra Bank Ltd. becomes a Scheduled Bank
In 2003,

Kotak Mahindra Bank Ltd. has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Government of India Gazette
notification dated April 12, 2003.

Bank profile

Type Private sector Bank

Traded as BSE: 500247

NSE: KOTAKBANK

Industry Banking, Financial service

Founded 1985 (as Kotak Mahindra Finance Ltd)

Headquarters Mumbai, India

Key people Uday Kotak (Founder & Executive Vice Chairman & MD)

Dipak Gupta (Joint MD)

Jaimin Bhatt (President & Group CFO)

Shanti Ekambaram (President - Consumer Banking)

KVS Manian (President - Corporate, Investment & Institutional Banking)

Mohan Shenoi (Chief Operating Officer)

Gaurang Shah (President - Asset Management, Insurance and International Business)

D Kannan (Group Head - Commercial Banking)

Arvind Kathpalia (President &Group Chief Risk Officer)

Products Deposit accounts, Loans, Investment services

Revenue 27,974.52 crore (US$4.4 billion)(2016)

Net income 3,431.12 crore (US$540 million)(2016)

Total assets US$15.8 billion(2015)

Number of employees 46,500+ (2016)

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