At Kotak, we believe in growth that goes beyond numbers. The kind that includes everyone. The only kind that lasts. And so, we focus on doing what’s right. For our stakeholders. For the planet. And for society at large.
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The Bank's philosophy of corporate governance goes beyond a set of policies and practices to promote it as an integral element of Kotak's culture. The robust corporate governance framework of the Bank guides the organisation's efforts to conduct business in an ethical, responsible and transparent manner. Details on KMBL's corporate governance structure and standards can be found in the 'Report on Corporate Governance' section in our latest annual report. The Corporate Social Responsibility (CSR) performance is reviewed by the Bank's Board at Board Meetings. In FY 2013-14, KMBL and its subsidiaries reviewed its Policy Statement on CSR to strengthen it in accordance with Section 135 and Schedule VII requirements of Companies Act, 2013. Further, the Bank established a CSR Committee to strategically guide it in effective implementation of its Policy Statement on Corporate Social Responsibility. The CSR Committee comprises of one independent director and two whole time directors.
In 1985, as a young 26-year old entrepreneur, Uday Kotak started Kotak Capital Management Finance Ltd. (which later became Kotak Mahindra Finance Ltd). The vision was to eventually become a banking company. Private Indian banks were not even a speck on the horizon at that time. On 22nd March 2003, Kotak Mahindra Finance Ltd. became the first non-banking financial company (NBFC) in India's corporate history to be converted into a bank.
Kotak Mahindra Bank Ltd. (KMBL) is regarded as one of the most efficient and high-performing banks in India, built on the principles of simplicity and prudence. Uday remains unfazed by market euphoria and his 'basics of banking' approach has ensured that the loan book is of high quality and the bank is well-capitalised. In a journey spanning nearly three decades, the company has grown both in scale and in stature under his leadership.
Today, the Kotak Mahindra Group, a first-generation enterprise with revenue of US$ 2.8 billion, has a global presence, employs over 30,000 people and is recognised as one of the leading employers in India. It has the distinction of providing a 48% CAGR to its shareholders over a 29 year period. The core of the business model is 'concentrated India, diversified financial services'.
Uday has a strong focus on community development and inclusive growth which is reflected by the group's initiatives to provide low-cost services to rural customers and its welfare programmes. He strongly feels that education is key to the alleviation of the social malaise afflicting India's under-privileged. In a bid to address this issue, he has established the Kotak Education Foundation, which focuses on the educational needs of underprivileged children.
Uday holds a Bachelor's degree in Commerce and an MBA from Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai.
Dipak Gupta has been with the Kotak Mahindra Group for over two decades. In October 1999, he was appointed Executive Director of Kotak Mahindra Finance Limited (now Kotak Mahindra Bank Limited). Since May 2016, he has been heading the Group Treasury, Wealth Management and Asset Reconstruction business of the Bank, and overseeing the Alternative Investments business of Kotak Mahindra Group.
Dipak is part of the Bank's Management Committee (MANCOM) and Operating Management Committee (OMANCOM) that drives the Kotak Group's growth charter.
With over 30 years of experience, he has played a key role in building various businesses for the group. Dipak was instrumental in the collaboration of Kotak Mahindra with Ford Credit International to form Kotak Mahindra Primus Limited (KMPL), of which he was the first CEO. He was also responsible for setting up the retail businesses after the conversion of KMFL into a Bank. Before joining Kotak, Dipak worked in the consultancy division of A.F. Fergusson.
He is a graduate in Electronics Engineering from IIT, Varanasi and a postgraduate in Management from the Indian Institute of Management, Ahmedabad (IIM-A).
Joint Managing Director
C. Jayaram is a Non-Executive Non-Independent Director on the Board of Kotak Mahindra Bank with effect from May 1, 2016. He is Chairman of the Bank's Board CSR Committee and also a member of the Audit Committee of Kotak Mahindra Asset Management Company Limited.
On attaining the age of superannuation, Jayaram retired as Joint Managing Director of the Bank in April, 2016. He was a part of the Kotak Mahindra Group for over 26 years. Before his retirement, he headed the Wealth Management business, International Operations, Marketing and Corporate Social Responsibility functions. He also oversaw the Alternative Investments business which includes private equity funds and real estate funds, as well as the Institutional Equities business.
With over 38 years of experience in finance and business, Jayaram was instrumental in building numerous businesses for the Kotak Mahindra Group, and has headed Kotak Securities Ltd. as CEO in the past. He also played a crucial role in setting up the car finance business.
He is an alumnus of Indian Institute of Management, Calcutta (IIMC).
Non-Executive Non-Independent Director
Mahendra, an Independent Director with the bank, also serves as a member of its CSR Committee, and as the Chairman of the Investor Relations (Shareholders / Investors’ Grievance) Committee of the group.
Mahendra is the Director and Vice Chancellor of the Indira Gandhi Institute of Development Research (IGIDR), Mumbai, India. He was Chairman of the Commission for Agricultural Costs and Prices (CACP), Govt. of India, Delhi.
And a member of several government committees, including the Prime Minister's task force on employment, and the Rangarajan Commission on Financial Inclusion. He has received several honours for eminence in public service. He is the Chairman of the Committee on Terms of Trade on Agriculture constituted by the Ministry of Agriculture, Government of India. As well as a member of the newly constituted expert panel on poverty estimates chaired by Dr. C. Rangarajan. Mahendra was the Director of the Centre for Economic and Social Studies, Hyderabad for 9 years.
He has a PhD from the Delhi School of Economics and has done his post-doctoral research at Yale University.
Prof. S. Mahendra Dev
After working with the Kotak Mahindra Group for over two decades, Shivaji Dam, who was the first employee of the firm, retired in 2004 to start a new innings in Corporate Social Responsibility. Today, he spearheads Kotak Education Foundation's (KEF) various initiatives focusing on students and youth from underprivileged families.
Over the years, Shivaji has developed initiatives to aid students and youth in different areas of education and livelihood training. The organisation has supported several children from Below Poverty Line (BPL) families through direct and indirect interventions, and a holistic module, so they can lead a dignified life.
Shivaji's association with the Kotak Mahindra Group began in 1985. During his tenure, he played an important role in the growth of the group, making it one of the leading financial services companies in India. Shivaji was a Whole Time Director of Kotak Mahindra Bank for nearly eight years, and also the first Managing Director of Kotak Mahindra Old Mutual Life Insurance for four years. He was instrumental in setting up the life insurance business and establishing the partnership with Old Mutual.
Shivaji is a commerce graduate (BU), Chartered Accountant (CA), Company Secretary (CS) and Cost Accountant (CWA).
Rohit Rao is among India's leading Communications and Outreach professionals, with nearly three decades of experience spanning Banking, Business Journalism, PR, Corporate Communications, CSR, Environmental Social Governance (ESG) practice, and Carbon Disclosure Project (CDP) and triple bottom-line reporting.
In his current role, Rohit ensures that the group's communications response is in high alignment to its corporate promise of a responsive, rewarding and customer-friendly brand at all times. He is credited with consolidating and integrating the group's communications, CSR functions and ESG practice into a cohesive and agile unit, helping the group significantly leverage the many winning synergies that exist between them.
Before joining Kotak, Rohit spearheaded the Corporate Communications, Sustainability Development & Reporting and CSR functions at Reliance Industries Limited, a Fortune 500 company, for over six years. He began his career in 1983 with Bank of India, India's leading state-owned bank, and went on to serve the company for over a decade. This was followed by a seven-year stint as a senior business journalist, first with Business Standard, one of India's leading business dailies and later with Business India, India's pioneering business magazine, where he served as Assistant Editor & Head of Banking & Finance. In 2001, he switched to Strategic Communications Advisory, joining Adfactors PR, India's leading integrated communications company, as Head of Financial Services Practice for over three years.
Rohit is a commerce graduate (BU). He has also completed his Diploma in Business Management (IMC) and the Management Development Programme from XLRI.
Executive Vice President
Head - Group Corporate Communications, Business Responsibility & CSR
You may be interested in seeing our Corporate Responsibiliy Policies, statements and reports to get a better idea of our intiatives and its implementation
Create a lasting value for communities by:
Statement of commitment
Monitoring and Reporting of CSR activities and spend
Kotak Mahindra Bank Ltd (KMBL), henceforth referred as "the Bank", shall establish, operate, maintain and continually improve, a robust and resilient BCMS framework to proactively identify and mitigate risks that can cause disruption, to minimize the impact during such disruption and ensure continuity of its key products & services at an acceptable level while meeting the expectation of stakeholders within the prevailing legal & regulatory framework.
Business Continuity Objectives
Keeping in mind the Bank's vision and core values, the objectives of the Business Continuity Management program will be:
The Bank's comprehensive business continuity management model is designed to enable the Bank to meet its existing obligations to all its stakeholders in the event of an emergency or significant business disruption. The business continuity plans are formulated and designed to work in a variety of crisis and emergency situations; but these events are, by their nature unpredictable and it is impossible to anticipate every scenario that could cause a significant business disruption. The Bank is confident in its ability to maintain continuity of critical operations during disruptive events, however the Bank has no control over the various entities that it must rely upon in the event of an emergency. The Bank's business continuity plans are tested periodically to ensure robustness and efficiency; yet such tests may not be able to replicate the actual conditions we experience in a real emergency. The business continuity plans of the Bank are reviewed regularly to ensure that appropriate enhancements are implemented as technology improves, business plans evolve, or regulatory requirements change and hence may change without notice. The information contained in this policy statement is provided by the Bank for information purposes only. Nothing contained herein shall be construed to amend, supplement or otherwise modify any of the terms and conditions set forth in any customer agreement.
|Business Responsibility Report (BRR) FY 18 - 19|
|Business Responsibility Report (BRR) FY 17-18|
|Business Responsibility Report (BRR) FY 16-17|
|Business Responsibility Report (BRR) FY 15-16|
|Business Responsibility Report (BRR) FY 14-15|
|Business Responsibility Report (BRR) FY 13-14|
|Business Responsibility Report (BRR) FY 12-13|
|Sustainability Report of FY 11-12|
|Carbon Disclosure Project 2017|
|Carbon Disclosure Project 2016|
|Carbon Disclosure Project 2015|
|Carbon Disclosure Project 2014|