Clear insight. Candid purpose.

At Kotak, we have a clear insight of what we want to achieve, and we are candid about how we want to achieve it.
Our objective is a happy blend of simplicity and prudence.
This combination drives us and will continue to propel our progress, despite evolving external realities.

Simple Strategy. Steady Focus.

Kotak's evolution is a tale of consistent pursuit of opportunities, despite a rapidly changing economic and business landscape. Today, after more than 27 years since inception, it continues to gather momentum with an unwavering focus.

As we retrace our steps to the initial days of our journey, one particular day stands out in the crowd – 21st November, 1985. This was when we identified an opportunity in the bill discounting market. That opportunity helped shape Kotak Mahindra Group.

In February 2003, Kotak Mahindra Finance Limited, our Group's flagship company, became India's first Non-Banking Finance Company to receive a banking license from the Reserve Bank of India (RBI).

Thus was laid the foundation of Kotak Mahindra Bank Limited (KMBL).

We are focusing our industry experience and capabilities to cater to changing customer aspirations. Our solutions are technology driven, contemporary and comprehensive, spanning consumer banking, commercial banking, corporate banking, wealth management, retail and institutional equities, asset management, life insurance and investment banking.

We have come a long way since we began. Kotak now caters to the diverse financial needs of individuals and the corporate sector, nationally and internationally.

  • Consumer Banking (KMBL)Open or Close
    Provides seamless customer experience through a variety of retail liabilities and assets products and services under a single umbrella of Consumer Banking
    Offers a range of services from savings accounts to a comprehensive suite of investment services, transactional conveniences and loan products
    Caters to the diverse needs of the business community by offering them comprehensive business solutions, such as current accounts, trade services, cash management services and credit facilities
  • Commercial Banking (KMBL)Open or Close
    Plays a significant role in fulfilling the mission of funding deep into Bharat through an expanding network of branches and associates
    Meets a substantial portion of the priority sector lending requirement including agricultural and tractor financing
    Offers a range of products for purchase and operations of commercial vehicles and construction equipment and contributes to India's development
    Participates in India's growth by partnering some of the best small and medium enterprises (SMEs) in the country
  • Corporate Banking (KMBL)Open or Close
    Caters to the dynamic requirements of major Indian Corporate Bodies, Financial Institutions, Public Sector Undertakings, Multinational Companies, Mid-Market Companies and Real Estate Organisations
    Offers a comprehensive portfolio of products and services – working capital financing, medium term finance, export credit, transaction banking, custody services, debt capital markets and treasury services
  • Wealth Management (KMBL)Open or Close
    One of the largest and the most respected wealth management teams in India
    Possesses in-depth understanding of the clients' requirements, macro environment and various asset classes
    The only Indian Wealth Management firm to feature in the 'Top 25 Private Banks' of the world at Euromoney Private Banking Survey, 2013
    Published the second edition of its India-specific report, Top of the Pyramid, with CRISIL Research. This is India's only report that tracks the earning, spending and investing patterns of Indian ultra-high networth individuals
  • Life InsuranceOpen or Close
    (Kotak Mahindra Old Mutual Life Insurance Limited)
    Combines international strengths and local advantages to offer customers a wide range of innovative products
    Among the early private life insurers to break even, reflecting sterling management practices and customer-centric philosophy
    Demonstrates consistent growth in a challenging and competitive environment through sustained value creation, efficient use of capital and improved productivity of distribution channels; focused on enhancing the value proposition for customers through a meaningful product suite, combining protection and long-term savings, multimodal outreach and superior services
  • Investment BankingOpen or Close
    (Kotak Mahindra Capital Company Limited)
    Offers integrated solutions encompassing high-quality financial advisory services and financing solutions
    Worked on the development of some of the most path-breaking innovations in the Indian Capital Markets
  • Asset ManagementOpen or Close
    (Kotak Mahindra Asset Management Company Limited)
    Offers schemes catering to investors with varying risk-return profiles, across a wide range of products in the equity, debt and exchange traded funds (ETF) spaces
    Distinction of being India's first fund house to launch a dedicated gilt scheme, investing only in government securities
  • InternationalOpen or Close
    (Kotak Mahindra (UK) Limited, Kotak Mahindra (International) Limited, Kotak Mahindra Inc., Kotak Mahindra Financial Services Limited)
    Operates in overseas markets through international subsidiaries
    Provides investment solutions to international investors seeking investment opportunities in India through a dedicated fund management team overseas
    Offers arguably the widest range of Indian investment products for international investors
  • Alternate AssetsOpen or Close
    (Kotak Investment Advisors Limited)
    Building its business successfully across three verticals – Private Equity, Realty Fund and Infrastructure Fund – all led by independent investment teams
  • BrokerageOpen or Close
    (Kotak Securities Limited)
    Offers a wide range of financial products, including stocks and shares, derivatives, distribution of IPOs, mutual funds and insurance for its investors
    Processes over 3,00,000 secondary market trades daily for a customer base of over 8,00,000
    Enjoys pan-India presence with 1,330 branches, franchisees, representative offices and satellite offices across 412 cities
    Pioneers in innovation and provides smart technology trading platforms to customers

Message from Uday Kotak

Uday Kotak
dear friend,

As we complete 10 years of banking in our 27 year history, I am reminded of January 2009. At the peak of the global financial crisis, Fareed Zakaria asked me a question at the World Economic Forum in Davos – What is a good bank for the future? My answer was, a good bank needs three human qualities: prudence, simplicity and humility..

When I look at the history of the causes of the global financial crisis, it was excessive leverage (lack of prudence), complex creative products (lack of simplicity) and bankers believing that they are the masters of the universe (lack of humility). As Indian banking, particularly the private sector, gains share and becomes a larger proportion of market capitalisation and of the Indian economy, banks need to keep these principles in mind at all times and not repeat the mistakes of history.

No discussion in banking can happen today without a perspective on risk. As the real economy continues to be slow and banks face a challenging credit environment, the question is when and in what shape will the Indian economy recover. Unlike 2009, which was a V-shaped capital market-led recovery, I believe that this time around, the capital markets may not fund the real sector companies easily, but instead fund the banks who may have to hold the can for the real sector.

It is here that banks have to ask themselves whether their core business is lending or taking equity risks for debt rates of return. I see credit risk on balance sheets of Indian banks at elevated levels with a view that better economic growth in the latter part of the current fiscal will help. If there is no pick up in economic growth, it could put greater pressure on bank balance sheets. We at Kotak are on high alert, but not credit shy. In this adverse credit climate, we also see opportunity to produce good risk- adjusted returns.

On interest rates, I believe there will be a gradual reduction in cost of funds and lending rates. At a time when the rate of financial savings is dropping and deposit growth is lagging loan growth even now, reduction of deposit rates of say one year below 8% is a challenge. This is particularly so because rates in small saving schemes continue to be above 8%. On the other hand, bond markets are more benign and they will, to some extent, enable recapitalisation of the banking system as a counter force to credit stress.

As I think about Kotak, I am even more convinced that "Concentrated India – Diversified Financial Services" is a strong business model, particularly as business opportunities in India become more bottom up rather than top down, that too in a more moderate growth environment. In this context, I see three significant areas of opportunity:

Digital - We are making a big push in the digital domain and have just launched our new mobile banking application for use across smartphones and tablets, and our online securities trading platform was launched across all digital platforms earlier in the year. We have successfully piloted digital devices as acquisition platforms for a superior, as well as speedy on-boarding experience for customers across the group, starting with banking and insurance, and will be taking them mainstream going forward.

Affluent Customers - As prosperity continues to increase within India, we are seeing a larger affluent and wealthy class. A differentiated proposition for these customers can create value for both, the customers and us.

Non-urban India - Any place outside the top 50 cities is, in reality, non-urban India. We call it Bharat. One of the largest opportunities in the world sits here. Combining this opportunity with going digital is where we see our future.

Therefore, while we execute a number of initiatives, the above three will be areas of high focus for us.

New Banks – In the next two years, we will see new banks in the Indian financial space. How will they affect us? They will increase the pace of competition for talent and customers. However, going by our experience of the last 10 years, banking, particularly on the retail side, is much more long-haul than we expected when we began our journey. With increasing complexity, I wonder whether we would have plunged into banking today as decisively as we did 10 years ago. I see the entry of new banks as an opportunity for us to sharpen ourselves and have our adrenaline flowing for higher aspirations. As I look back at the time when we became a bank in 2003, our private sector peers had a major takeoff in the period post 2003. I hope the potential entry of new banks is a tipping point for our next round of growth.

Through all of this, there is one fundamental change ripping through the Indian financial sector. It is around the customer, values and ethics. Appropriate products and right advice are the cornerstones of the future. It is here that we need to align employee behaviour and culture to customer needs. I think the future battle in financial services will be won or lost around customer orientation, technology and risk management, combined with a strong people culture.

I am excited about our challenging journey ahead.

Best wishes,

Operational Highlights

BANK

  • Acquired the business loans portfolio of Barclays India
  • Introduced Electronic Benefit Transfer (EBT) payments for MGNREGA beneficiaries in Chhattisgarh state under Financial Inclusion initiative
  • Revamped Privy League on an enhanced platform with three new tiers – Prima, Magna and Optima
  • Launched premium proposition for business banking segment, Privy League Signature credit card and Smart Overdraft
  • Offered Corporate Salary Accounts (Salary2Wealth) to Indian Navy, in addition to Indian Army, Indian Railways, Indian Posts, private sector players and PSU companies, including some of the Navratna companies

OTHER BUSINESSES

Investment Banking

  • Entered into an exclusive strategic alliance for cross-border M&A advisory services between India and Japan with Sumitomo Mitsui Banking Corporation and SMBC Nikko Securities Inc., a wholly-owned subsidiary of SMBC
  • Closed 16 equity capital market deals, including a number of marquee transactions, successfully, in a subdued market
  • Dominated the IPO market, managing the four largest IPO issuances to hit the markets
  • Advised on a wide array of 19 M&A transactions, ranging from Acquisitions and India Entry, Divestments, Internal Restructurings, Private Equity Investments and Open Offers/ Delistings

Life Insurance

  • Implemented "KRUX" – an IT system for persistency management, which helps the Company take proactive measures at all levels to ensure that customers remain invested through the entire term. This, in turn helps the Company achieve its core purpose of delivering customer value through protection and long-term savings
  • Introduced multiple new payment modes, through which customers can pay premiums. Besides, expanded and strengthened the already existing payment procedures. Customers can now pay premiums through debit and credit cards online, credit card at branches, over the Interactive Voice Response (IVR) system or through the Interbank Mobile Payment Service (IMPS), a first in the insurance sector
  • Extended the Regional Electronic Clearing Service (RECS) facility to 16 states and the direct debit facility to 14 banks, besides enabling customers to pay via standing instructions on their Kotak Mahindra Bank credit card

All figures are bank standalone.

International

  • Announced the first closure of its infrastructure private equity fund, with Sumitomo Mitsui Banking Corporation of Japan and a Brookfield Asset Management group entity as cornerstone investors. This fund raised commitments of approximately US$ 90 million (Rs. 490 crore)
  • Mobilised over US$ 660 million through various debt offerings

Brokerage

  • Achieved many firsts by a brokerage house in FY 2012-13. Launched an exclusive iPad application, a trading app on BlackBerry 10, an app on Windows 8 and Smart Order Routing, where our system calculates the best price for customers' order in NSE and BSE and executes the order, all in a matter of seconds
  • Inked alliance with ING Vysya Bank to provide trading facilities to their customers and integrated their payment gateways

Performance talks through numbers

Total Income ( CR)
Earnings per share ()
Market Capitalisation ( CR)
Based on prices at NSE on the last working day of the financial year
Net NPA (%)
Excludes acquired stressed assets.
Return on assets (%)
Net interest margin (%)

All figures are consolidated.

Performance talks through numbers

Book Value per Share and Total Assets under Management are consolidated.

 

Kotak Mahindra Bank launches Kotak Presidium with President Bill Clinton


Kotak Presidium, a thought leadership speaker series, will feature some of the most influential achievers from India and around the world. The inaugural Kotak Presidium was addressed by President Bill Clinton at the National Centre for Performing Arts (NCPA), Mumbai on April 10, 2013.

Addressing a 700-strong eclectic gathering comprising business leaders, policy makers and thinkers, President Clinton's speech covered issues as diverse as philosophy and sustainable behaviours, built around the moral necessity of developing the ability to relate to an identity that reflects all of humanity's shared hopes and aspirations.

Uday Kotak Executive Vice Chairman
& Managing Director, Kotak Mahindra Bank, says,
"Globalization has significantly altered the paradigms of business, policy and national thought, as they are increasingly being cross-pollinated by transnational ethic and experience. Kotak Presidium is a forum for global leaders and India's business elite to share experiences to make the most of this dynamic environment. President Clinton is one of the most eminent men of our time, and has played a significant role in reshaping the global order. We could not have picked a better icon of globalization and humanity to deliver the inaugural keynote address at the first Kotak Presidium."

Board of Directors

 

Standing, from left to right:

  • Dipak Gupta, Joint Managing Director
  • Prof. S. Mahendra Dev, Director
  • N.P. Sarda, Director
  • Amit Desai, Director
  • C. Jayaram, Joint Managing Director
  • Asim Ghosh, Director
  • Prakash Apte, Director

Seated, from left to right:

  • Dr. Shankar Acharya, Chairman
  • Uday Kotak, Executive Vice Chairman and Managing Director
Better credit quality
strengthens sustainability
This is our credo since inception, and we regularly scrutinise our credit quality to strengthen our risk-focused business model.

During the early part of FY 2012-13, we anticipated potential credit quality challenges. Therefore, we consciously did not grow our exposure in the commercial vehicle and construction equipment sector. Our decision was vindicated following declining sales and increasing delinquencies in the commercial vehicle sector.

Commercial Vehicles and Construction Equipment
( CR)

From 2005 to 2009, the financing of infrastructure projects presented an attractive growth opportunity. But, we didn't jump on the bandwagon for good reasons. We noticed palpable asset-liability mismatches: infra assets involved high gestation periods, whereas our liabilities were of medium-term duration.

The natural corollary to such a mismatch is this: first, our size does not afford a large exposure in the infra sector; second, there are potential execution risks and recovery challenges. Our foresight was proved right, when, subsequently, the infrastructure sector ran into rough weather.

Advances ( CR)
All figures are consolidated.
There are good times.
There are difficult times.
But at Kotak, the prudent (or simple) pursuit of opportunities never loses steam.

Opportunities can appear even dressed in the form of a policy initiative. Following the RBI's policy directive of deregulating interest rates, we created an attractive value proposition for our customers. We found that customers never view a savings bank account as a 'high return generating' option. We took the initiative to disrupt the Indian savings bank category by offering an interest rate 50% higher than what most banks pay.

Our campaigns have helped bring clarity to the minds of people. As a result, we were able to grow our savings account balances significantly. The bank collected deposits to the tune of 3,668 crore in 17 months, a significant escalation since October 2011 levels.

In another instance, customers seeking to open an account with us had to fill up a lengthy account opening booklet (8 pages). This naturally entailed prolonged time and effort on the part of the customer. Besides, there was significant cost implication for the bank.

Surely, there had to be a smarter way of managing this issue. And what transpired in 15 days is this: a single sheet, which eliminated unrelated information, but, at the same time, ensured all regulatory requirements are complied with.

Savings account balance ( CR)

All figures are bank standalone.
Simple prudence
With changing times, Kotak's focus and priorities have evolved too.

During the early years, the profit mix of various businesses of Kotak Group (comprising banking and financing, capital market, asset management and life insurance) reflected the priorities and focus of those days.

Now the economic scenario has changed, and so has the business environment. Consequently, the profit mix of Group businesses has changed.

This transformation is correlated to our changing asset mix to preserve value, leveraging the benefits of the Group structure.

All figures are consolidated.
We simply said 'no' to distance
At Kotak, distance becomes irrelevant, when customer delight takes centre stage.

The Tractor Finance team innovatively reduced the turnaround time (TAT) for servicing customers. Previously, the Kotak representative would travel to collect repayments and issue physical receipts to customers. The system worked without any hassle, but there was no real-time access to a customer's information and provision for issuance of electronic receipts at a customer's point in the entire process.

With the introduction of Point of Sale (POS) handheld terminals to our field representatives, we provided real-time access to customers' account-related information and issued them POS-generated receipts, with relevant online updation facilities.

300

Districts geographically covering 85% of the industry

1.4 lakh+

Customer base

12%

Market share in states where we are present

The result: greater transparency, faster updation of customers' data and feedback for quick resolution. The POS terminal has helped bridge the distance between customers and Kotak, facilitating seamless dissemination of information. The devices are now being used across the country, catering to over 1.4 lakh people, spanning 300 districts.

This initiative has significantly reduced TAT in customer service, enhancing customer delight.

Simplicity never sits still
Kotak has launched multiple applications to enhance customer convenience.

Mobile banking app In addition to the standard features, our mobile banking application has much more. One distinguishing feature is the one-time payment facility, where registration of the beneficiary is not required. The customer can personalise the home page of the app, so that the information that matters the most is available at a glance. She can check her account overview, pay bills instantly, open term deposits, locate the nearest ATM/branch, and so on, with ease.

Offers app Enables customers to view and search various offers available on their Kotak Mahindra Bank cards. Features include: searching for attractive deals, mapping deals as per vicinity, subscribing to receive deal updates, adding to favourites, printing coupons and sharing deals on social media, among others.

Securities app Kotak Stock Trader: Only broking app with a dedicated iPad version, allowing registered and guest users to view live prices, track portfolio and trade.

Top of the pyramid This invite-only iPad app provides information about earning, spending and investing patterns of India's ultra-high networth individuals.

Treasury app The Kotak Treasury Calendar application allows CEOs, CFOs, CIOs, Dealers and Fund Managers to follow flow of funds in and out of the monetary system and lists crucial events (holidays, monetary policy decisions and key data releases) for India and other major global economies (the US, the UK, Euro nations, Japan). This app also provides easy-to-understand graphs that illustrate the impact of important business trends and issues.

Lowest restructured advances in the banking industry
Does it reflect the quality of our balance sheet... or prudence of our business model... Or simply both?

We have followed a stringent policy with respect to restructuring of advances. At Kotak Mahindra Bank, restructuring is carried out only if we are convinced of the long-term viability of the borrower. If not, we will declare the advance as a Non Performing Asset (NPA) in accordance with our policy and RBI directives.

We have one of the lowest restructured advances ratios in the industry, indicating the quality of our balance sheet.

0.53%

Net NPA as on 31st March, 2013

16%

One of the highest capital adequacy ratios in the industry

All figures are bank standalone except Net NPA, which is consolidated.
Net NPA excludes acquired stressed assets.

Awards and Accolades

  • BEST MANAGED BOARD

    Kotak Mahindra Bank's board receives the award for the Best Managed Board by Aon Hewitt-Mint Study 2012, from Hon'ble Minister of Corporate Affairs, Sachin Pilot

  • BEST BANK AWARD

    Dipak Gupta, Joint Managing Director (first from right), receives the Best Bank Award under the New Private Sector Bank category (runner-up) at the Financial Express Awards from Hon'ble Minister for Commerce and Industry, Anand Sharma

  • FAB 50 LIST

    Kotak Mahindra Bank made it to Forbes Asia's 'FAB 50' list in 2012 for the 3rd consecutive year. Paul Parambi, Head – Group Strategy (second from right), receives the award from Christopher Forbes, Vice Chairman, Forbes Media

  • Banking & Payments Asia Trailblazer Awards

    Kotak Mahindra Bank won two awards for NRI banking at the Banking & Payments Asia Trailblazer Awards, 2013. Click2Remit emerged winner in Product Excellence in the P2P Product Category and Privy League for NRIs won the Service Excellence award in the Mass Affluent Banking Category. Deepak M. Sharma, Executive Vice President, (right) receives the award from Thomas Zink, Editor & Content Manager, VRL Financial News

  • CFO India Magazine awards

    CFO India magazine has recognised R. Krishnan (1st picture: right) from Kotak Mahindra Asset Management Company Ltd., Naozad Sirwalla (2nd picture: right) from Kotak Investment Advisors Ltd., Devang Gheewalla (3rd picture: right) and Himanshu Vasa (4th picture: right) from Kotak Mahindra Bank Ltd. as finance professionals who will stand out as CFOs in the years to come

  • Uday Kotak, Executive Vice Chairman and Managing Director, received the Special Award for his contribution in the growth of India's equity markets, at India's Best Market Analyst Awards 2012 by Zee Business, from Hon'ble Finance Minister, Pranab Mukherjee

  • Recognised as the Company with 2nd Highest Employee Contribution (Corporate Challenge Category) in the 10th Standard Chartered Mumbai Marathon in 2013

  • Shanti Ekambaram, President - Corporate & Investment Banking, won the award for Highest Fund Raiser (Corporate Challenge Category)

  • Trade Finance Division was awarded the Straight-Through Processing (STP) Award for Excellence in Quality of Payment Messages

  • Won the Gold award at the Trade & Forfaiting Review (TFR) Awards 2012, under the category, Best Local Trade Bank in India

  • Recognised among the Top 10 Companies for Leaders to Work, in Asia Pacific, in a Study conducted by RBL Group, Aon Hewitt and Fortune in 2011

  • The New Indian Express Group conferred Uday Kotak with the Runner-up award for Best Banker – Growth and Expansion at The Sunday Standard FINWIZ 2012 Best Bankers' Awards

  • Voted as the Best Local Cash Management Bank in India for small companies (turnover < US$100 million) by Asiamoney, 2012

  • Won the Asian e-payment Awards for the following categories at the Asian Leadership Awards:
    • Best e-Payment Bank Award
    • Best Online Payment Platform Award
    • e-Payment Market Leadership awarded to Tushar Trivedi, Executive Vice President, Transaction Banking

  • 6% campaign featuring Subbu won the Silver Effie – a prestigious advertising effectiveness award in the financial services category

  • Won the Celent Model Bank Award for core banking implementation in the category Infrastructure & Architecture

  • Awarded Fastest Base24 to Electra Switch migration by OPUS

  • Received award for Innovative Use of Data Storage at the CNBC TV18 India Innovation Award, 2013, from Hon'ble Minister of State for IT and Communication, Milind Murli Deora

  • Won the Security in Bank award by Data Security Council of India (DSCI) at the DSCI Excellence Awards, 2012

  • Won the IT Transformer's Award at The EMC Transformer's Awards, 2012

  • The customer reference programme of the credit cards business won an award under the Customer Acquisition Programme Category at the MasterCard Innovation Awards

  • Rated among the Top 25 Best Employers in India for three consecutive studies conducted since 2007 by Aon Hewitt

  • Uday Kotak, Executive Vice Chairman and Managing Director, received the Special Award for his contribution in the growth of India's equity markets, at India's Best Market Analyst Awards 2012 by Zee Business, from Hon'ble Finance Minister, Pranab Mukherjee

  • Recognised as the Company with 2nd Highest Employee Contribution (Corporate Challenge Category) in the 10th Standard Chartered Mumbai Marathon in 2013

  • Shanti Ekambaram, President - Corporate & Investment Banking, won the award for Highest Fund Raiser (Corporate Challenge Category)

  • Trade Finance Division was awarded the Straight-Through Processing (STP) Award for Excellence in Quality of Payment Messages

  • Won the Gold award at the Trade & Forfaiting Review (TFR) Awards 2012, under the category, Best Local Trade Bank in India

  • Recognised among the Top 10 Companies for Leaders to Work, in Asia Pacific, in a Study conducted by RBL Group, Aon Hewitt and Fortune in 2011

  • The New Indian Express Group conferred Uday Kotak with the Runner-up award for Best Banker – Growth and Expansion at The Sunday Standard FINWIZ 2012 Best Bankers' Awards

  • Voted as the Best Local Cash Management Bank in India for small companies (turnover < US$100 million) by Asiamoney, 2012

  • Won the Asian e-payment Awards for the following categories at the Asian Leadership Awards:
    • Best e-Payment Bank Award
    • Best Online Payment Platform Award
    • e-Payment Market Leadership awarded to Tushar Trivedi, Executive Vice President, Transaction Banking

  • 6% campaign featuring Subbu won the Silver Effie – a prestigious advertising effectiveness award in the financial services category

  • Won the Celent Model Bank Award for core banking implementation in the category Infrastructure & Architecture

  • Awarded Fastest Base24 to Electra Switch migration by OPUS

  • Received award for Innovative Use of Data Storage at the CNBC TV18 India Innovation Award, 2013, from Hon'ble Minister of State for IT and Communication, Milind Murli Deora

  • Won the Security in Bank award by Data Security Council of India (DSCI) at the DSCI Excellence Awards, 2012

  • Won the IT Transformer's Award at The EMC Transformer's Awards, 2012

  • The customer reference programme of the credit cards business won an award under the Customer Acquisition Programme Category at the MasterCard Innovation Awards

  • Rated among the Top 25 Best Employers in India for three consecutive studies conducted since 2007 by Aon Hewitt

  • Received the Best Investment Bank and Equity House in India award from Finance Asia, 2012

    Awarded Securities Advisory Firm of the Year in India in the Corporate INTL Global Awards, 2012

  • Received the Investment Bank of the Year in India award at the ACQ Global Awards, 2012

    Awarded the Dealmaker of the Year for Qualified Institutional Placements by Businessworld (India's Best Dealmakers, 2012)

  • Won the Deal of the Year for the M&M Financial Services Qualified Institutional Placements – Businessworld (India's Best Dealmakers, 2012)

    Awarded the Best Domestic Investment Bank by Asset Asian Awards, 2012

  • Awarded Best Brokerage in India by FinanceAsia, 2012

    Ranked 1st on a weighted formula basis in Institutional Investor's All- India Research Team survey, 2012

    KIE analysts ranked 1st in financial services and 3rd in the media sector in the Wall Street Journal survey of Asia's best analysts, 2012

  • Emerged as the Best Local Brokerage in Asiamoney Brokers Poll, 2012 - Ranked 2nd for Best Overall Country Research among all domestic and foreign brokerages

    Ranked 2nd for Best Overall Country Research among all domestic and foreign brokerages

    Ranked 2nd for Best Overall Country Research among all domestic and foreign brokerages

  • Ranked 2nd for Best Execution among all domestic and foreign brokerages

    Ranked 2nd for Most Independent Research Brokerage among all domestic and foreign brokerages

    Ranked 3rd for Best in Sales Trading among all domestic and foreign brokerages

  • Awarded in multiple categories by Euromoney Private Banking Survey, 2013

    Best Private Banking Services Overall, India

    Private Banking Services Overall, Global Top 25

    Private Banking Services Overall, Asia Top 10

    Best Family Office Services Provider, India

  • Second Best Family Office Services Provider, Asia

    Best Private Bank by Finance Asia Country Awards, 2012

    Best Private Bank, India, by World Finance Banking Awards, 2012

    Outstanding Private Bank, South Asia, by Private Banker International Global Wealth Awards, 2012

  • Kotak Realty Fund was adjudged the Best Investment Manager in India in the Euromoney Real Estate Survey, 2012

  • Kotak Realty Fund was named the Best Private Equity in Real Estate Investor, 2012 by Venture Intelligence Awards for Private Equity Excellence

  • Awarded the Fastest Growing Equity Broking House by BSE IPF – D&B Equity Broking Awards, 2012, under the category – Large Size Firms

  • Received the Campaign India DMA Bronze Award, 2012, in the Social Media apps category for the Clone Me app – Mere Jaisa Koi

  • Kotak Bond Regular Plan Growth won the Lipper Fund Award, 2012, for being the Best Fund over 10 years Bond Indian Rupee

  • Received the Best Debt Fund House by Outlook Money Awards, 2012

ICAI Awards, India

The Institute of Chartered Accountants of India awarded Kotak Mahindra Bank the silver shield for Excellence in Financial Reporting under the Category II- Private Sector Banks (including Co-operative Banks and Foreign Banks) for FY 2011-12. Awards, USA.

Gobind Jain, Senior Vice President, Group Accounts & Consolidation, (Left), Jaimin Bhatt, President & Group CFO, (Centre) and Devang Gheewala, Executive Vice President, Financial Controller, (Extreme right) receive the award, on behalf of Kotak Mahindra Bank Ltd., from V. N. Kaul, former Comptroller and Auditor General of India.

Won four awards at the LACP Vision Awards, USA.

Gold Award – Best in the Banking Category

Bronze Award – Most Creative Report, APAC

Ranked No. 30 – Among the top 50 Reports, APAC

Among the Top 10 Indian Reports


Ranked among the Top 5 in India in the IR Global Rankings 2012 conducted by the MZ Consult NY, a leading investor relations and financial communications firm in the category of best ranked Financial Disclosure in India

Corporate Social Responsibility

Inclusive growth and equitable development


Inclusive growth and community development through financial
inclusion products are some of Kotak Mahindra Bank's key
initiatives for fostering development and improving quality of life of
people, especially those below the poverty line (BPL). Education is
one of the key means to achieve this. The Bank provides financial grant
towards various activities of Kotak Education Foundation (KEF) such as
Kotak Unnati (a vocational training programme for school and college drop-outs),
Kotak Udaan (a special scholarship offered for marginalized children),
Spoken English Programme, etc.

Employee volunteering


Employees celebrate Kotak Mahindra Group Week by donating blood, and this year
employees donated 1,031 units of blood. A pan-India blood donation drive is held
in Kotak Mahindra Group Week to commemorate the Kotak Mahindra Group Day
- November 21.

Employees participated in the Habitat for Humanity 'Volunteer Build' programme, where
they helped build homes for needy local families of Dhamsewadi village (near Karjat).

The Bank has been successfully running the Kotak Mahindra Group Payroll Giving
Programme for the past three years, where employees contribute to support the
following 6 NGOs - Akanksha Foundation, Cancer Patients Aid Association (CPAA),
National Association for the Blind (NAB), Dignity Foundation, Make-A-Wish Foundation
of India and SOPAN (Society of Parents of Children with Autistic Disorders).

In FY 2012-13, the Bank initiated 'You CAN SERve', a newspaper collection drive in
association with Dhanwantari Medical Trust, that raises funds by collecting and selling
old newspapers for the benefit of cancer-affected children.

Go Green


Through the 'Think-green' initiative, the Bank encourages customers to sign-up for e-statements which eliminates the use of paper resources and helps customers to electronically store and retrieve statements at their convenience. As a token of appreciation for the customers opting for the e-statements, the Bank has partnered
with Grow-Trees.com to plant a sapling for every e-statement on behalf of its
customers. 16,628 saplings were planted in FY 2012-13.

Running for a cause


The Bank sponsored 75 runners for Standard Chartered Mumbai Marathon (SCMM) 2013 [January 20, 2013] and 25 runners for Airtel Delhi Half Marathon (ADHM) 2012 [September 30, 2012]. The marathon events lay emphasis on celebrating joys of the human spirit. Kotak runners raised pledges amounting to Rs. 13.18 lakh during SCMM 2013.

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Management Discussion & Analysis

Business Responsibility Report

All Subsidiary Financial Statements

Kotak Mahindra Prime Limited
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Kotak Securities Limited
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Kotak Mahindra Capital Company Limited
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Consolidation at a Glance

Consolidated Financial Statements

Kotak Mahindra Bank Limited - Standalone

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AGM Notice

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