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Old December 5th, 2017, 03:51 PM
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Educhamp
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Join Date: May 2011
Location: Delhi
Posts: 38,226
Default Re: Kotak Mahindra Bank Merged With

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

As you asking here I am telling In 2014, Kotak Bank acquired ING Vysya Bank in a deal valued at 15,000 crore (US$2.3 billion). With the merger, total employment will jump to almost 40,000, and the count of branches reached 1261. Post the merger, ING Group, which controlled ING Vysya Bank, will own a 7% share in Kotak Mahindra Bank.

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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