Governance
Governance
Non-Executive Independent Part-time Chairman
Mr. Prakash Apte, aged 67 years, B.E. (Mechanical), served as Managing Director of Syngenta India Limited (“SIL”), an agricultural business company in India and a subsidiary of Syngenta Group, one of the largest research based agribusiness across the world, from November 2000 to April 2011. Mr. Apte has been the Non-Executive Chairman of SIL from May 2011 till September 2021. He was instrumental in setting up the Syngenta Foundation India which focuses on providing knowledge and support for adopting scientific growing systems to resource poor farmers and enabling their access to market. In a career spanning over 40 years, he has extensive experience in various areas of management, business leadership and agriculture sector. In the more than 16 years of successful leadership experience in agriculture business, he has gained diverse knowledge in various aspects of businesses and has been involved with many initiatives for technology, knowledge and skills upgradation in this sector, which is vital for India’s food security. He was on the Boards of Syngenta Foundation India and Indo-Swiss Centre of Excellence upto 15th July, 2021 and 8th June, 2021, respectively.
Mr. Apte was appointed as a Non-Executive Director of the Bank, with effect from 18th March, 2011. He was appointed as the Part-time Chairman of the Bank, with effect from 20th July, 2018 and, thereafter, re-appointed for a period up to 31st December, 2023.
Managing Director & CEO
Mr. Uday Kotak, aged 62 years, holds a Bachelor’s degree in Commerce and a MMS degree from Jamnalal Bajaj Institute of Management Studies, Mumbai and was appointed as a Director on 21st November, 1985. He is the Managing Director & CEO of the Bank and also its promoter. Under Mr. Kotak’s leadership, over the past 35 years, the Kotak Group established a prominent presence in major areas of financial services including banking, stock broking, investment banking, car finance, life and general insurance and asset management. He is a Member of the International Advisory Board of GIC Private Limited, Singapore and International Advisory Panel of Monetary Authority of Singapore, Investment Advisory Committee of the Army Group Insurance Fund and was the President of the Confederation of Indian Industry till 31st May, 2021.He is also a Governing Member of the Mahindra United World College of India, Member of the Board of Governors of Indian Council for Research on International Economic Relations and The Anglo Scottish Education Society (The Cathedral & John Connon School). Mr. Kotak was recipient of the ‘Ernst & Young World Entrepreneur of the Year Award’ in 2014, ‘Economic Times Business Leader of the Year Award’ in 2015, ‘Businessman of the Year 2016’ by Business India, ‘Lifetime Achievement Award’ at Financial Express’ Best Banks’ Awards 2016, ‘USIBC Global Leadership Award’ at the 2018 India Ideas Summit organised by the U.S.-India Business Council, ‘Life Time Achievement Award’ at Magna Awards 2019 by Businessworld, ‘Best CEO in Banking Sector’ by the Business Today Best CEO Awards 2019 and ‘India Business Leader of the Year’ by CNBC-TV18 at the India Business Leader Awards 2021, amongst many others.
Joint Managing Director
Mr. Dipak Gupta, aged 60 years, B.E. (Electronics), PGDM-IIM, Ahmedabad, is the Joint Managing Director of the Bank and has over 35 years of experience in the financial services sector, 29 years of which, have been with the Kotak Group. He is a Whole Time Director of the Bank from 1st October, 1999. Mr. Gupta helms numerous functions of the Bank including Information Technology, Digital Initiatives, Internal Audit, Human Resources, Vigilance, Customer Experience, Marketing & Communications, Environment Social Governance, Corporate Social Responsibility and Priority Sector Lending. Mr. Gupta was responsible for leading the Kotak Group’s initiatives into the banking arena. He was the Chief Executive Officer of Kotak Mahindra Prime Limited and prior to joining the Kotak Group, was with A. F. Ferguson & Company for approximately six years.
Non-Executive Director
Mr. C. Jayaram, aged 65 years, B. A. (Economics), PGDM-IIM, Kolkata, is the Non-Executive Director of the Bank. He has varied experience of over 38 years in many areas of finance and business and was earlier the Managing Director of Kotak Securities Limited. Mr. Jayaram headed the Wealth Management business, Alternative Investments business including Private Equity funds and Real Estate funds and international operations for Kotak Group till his retirement as Joint Managing Director in April 2016.He was with the Kotak Group for 26 years and was instrumental in building a number of new businesses at Kotak Group. Prior to joining the Kotak Group, he was with Overseas Sanmar Financial Ltd.
Independent Director
Ms. Farida Khambata, aged 71 years, is Master of Arts in Economics from the University of Cambridge, a Master of Science in Business Management from the London Business School and a Chartered Financial Analyst and has attended the Advanced Management Program at Wharton. She was earlier with International Finance Corporation (“IFC”) and was a Member of IFC’s Management Group, the senior leadership team of IFC. In her last position at IFC, she served as Regional Vice President in charge of all operations in East Asia and the Pacific, South Asia, Latin America and the Caribbean and the Global Manufacturing Cluster. Ms. Khambata joined IFC in 1986 from the World Bank where she managed pension fund assets. She is a Member on the Advisory Board of ADM CEECAT Fund.
Independent Director
Mr. Uday Chander Khanna, aged 71 years, is a Chartered Accountant by qualification. Mr. Khanna was the Financial Controller and Treasurer of Hindustan Unilever and was, thereafter, on the Board of Hindustan Unilever as Director - Exports. He has also worked as Vice Chairman of Lever Brothers in Nigeria and General Auditor for Unilever - North America, based in the USA and was the Senior Vice President - Finance, Unilever - Asia, based in Singapore. Thereafter, Mr. Khanna joined the Lafarge Group in Paris in June 2003 as Senior Vice President for Group Strategy, after an extensive experience of almost 30 years with Hindustan Lever/Unilever in a variety of financial, commercial and general management roles both nationally and internationally. Mr. Khanna was also the Managing Director & CEO of Lafarge India from July 2005 to July 2011 and the Non-Executive Chairman of Lafarge India from July 2011 to September 2014. He was the Non-Executive Chairman of Bata India Limited till 2nd August, 2019. Mr. Khanna has been the past President of the Bombay Chamber of Commerce and Industry and also the Indo French Chamber of Commerce and Industry. He is a Director of the Bank from 16th September, 2016. He was the recipient of the “Ordre National du Merite” from the President of the Republic of France for his contribution in promoting Indo-French trade relations. He is a Member of the Board of Governors of The Anglo Scottish Education Society and Jt. Managing Trustee of the Indian Cancer Society. Mr. Khanna was the recipient of the ‘Best Independent Director’ award by Asian Centre for Corporate Governance Sustainability in 2018.
Independent Director
Mr. Uday Shankar is a highly successful and globally recognized Indian executive who created one of the biggest media and entertainment businesses in the Asia-Pacific region. Mr. Shankar is a technology entrepreneur and the founder of Asia Initiatives, wherein he partners with James Murdoch to set up technology-led enterprises in education, media, and healthcare in Asia. He was the Immediate Past President of the Federation of Indian Chambers of Commerce and Industry (FICCI), and was the President of the Indian Broadcasting Foundation (IBF) as also a member of the Start-up Advisory Council of India set up by the Government of India to promote and bolster the start-up ecosystem.
In a long and illustrious career, Mr. Shankar has served in several leadership roles including as Chairman and Chief Executive Officer of Star India, President of 21st Century Fox Asia, and more recently President of The Walt Disney Company Asia Pacific & Chairman of Disney & Star India.
Mr. Shankar has been a key contributor to shaping the Indian media and entertainment sector, championing important reforms such as digitization of the distribution ecosystem and self-regulation of content.
Mr. Shankar also serves on the board of global non-profit Malaria No More and on the board of Business Standard. He also serves as an Advisor to the board of US-India Strategic Partnership Forum (USISPF).
For his contribution to media and society, Mr. Shankar has been awarded numerous business and industry honours. He was conferred the honorary doctorate degree by Bennett University (The Times of India Group). He was recognized by Forbes India as the “Best CEO (MNC)”, named “Entrepreneur of the Year (Entrepreneurial CEO)” by EY, and has featured in Indian Express’ “100 Most Powerful Indians” and in India Today’s “50 Most Powerful People in India”.
Mr. Shankar has a MPhil in Economic History from JNU, New Delhi.
Whole-Time Director
Mr. K.V.S. Manian, aged 59 years, is an electrical engineer from IIT (BHU) - Varanasi, Post Graduate in Financial Management from Jamnalal Bajaj Institute of Management Studies and a Cost and Works Accountant. Mr. Manian is the Whole Time Director of the Bank from 1st November, 2019. Mr. Manian has a rich experience of 36 years, of which, over 26 years have been with the Kotak Group. Mr. Manian heads the Corporate Banking business and has oversight responsibility of the Investment Bank, Institutional Equities and Wealth Management businesses in the Group. Mr. Manian has steered the business through its integration with ING Vysya Bank Limited and has since then been focused on building a high quality profitable corporate franchise. Prior to leading the Corporate Bank, Mr. Manian was the President of the Consumer Banking business and also oversaw the retail brokerage business of Kotak Securities Limited. Mr. Manian also played a crucial role in Kotak’s journey from a Non-Banking Financial Company (“NBFC”) to a Bank and has, over his tenure at the Group, launched and grown to scale a number of businesses including the likes of the Commercial Vehicles Financing, Business Loans, Asset Reconstruction and Structured Financing. Prior to joining the Kotak Group, he had over a decade of work experience in corporate finance across Premier Auto Electric and NELCO, a TATA group company.
Whole-Time Director
Mr. Gaurang Shah, aged 59 years, is an M.Com and a Chartered Accountant. Mr. Shah is a Whole Time Director of the Bank from 1st November, 2019. He has over 36 years of rich experience primarily in financial services, of which, over 24 years have been with the Kotak Group. Mr. Shah is in charge of the Credit function of the Bank and is the Chairman of the Credit Committee (Level E) of the Bank. Mr. Shah oversees the Insurance, Asset management including Alternate Assets and Asset Reconstruction businesses and is a Non-Executive Director on the Board of the Insurance, Asset management and international business entities, which are wholly owned subsidiaries of the Bank. Prior to this, Mr. Shah headed the Group Risk Management function. Mr. Shah played a key role in building the Group’s Consumer Banking and Life Insurance businesses and has held several positions of responsibility, including Head of Retail Assets at the Bank. Mr. Shah was the Managing Director of Kotak Mahindra Life Insurance Company Limited (“KLI”) and during his tenure from 1st November, 2004 to 30th April, 2010, KLI became one of the first life insurance companies to break even and also became one of the most efficient users of capital. He was also an Executive Director of Kotak Mahindra Prime Limited, one of India’s leading automobile finance companies from 1st October, 1999 to 31st December, 2002.
Independent Director
Dr. Ashok Gulati, aged 67 years, is a M.A. and Ph.D. from Delhi School of Economics. Dr. Gulati is an eminent Indian agricultural economist and is currently Infosys Chair Professor for Agriculture at the Indian Council for Research on International Economic Relations. He was also a former Chairman of the Commission for Agricultural Costs and Prices, Government of India (2011-14). He was also on the Central Board of Directors of the Reserve Bank of India and National Bank for Agriculture and Rural Development (“NABARD”). He is currently a Member of the Tenth Audit Advisory Board of the Comptroller and Auditor General of India. He was Director at the International Food Policy Research Institute for more than 10 years from 2001. He worked as a Chair Professor NABARD at Institute of Economic Growth from 1998 to 2000 and prior to that, was Director/Chief Economist, Agriculture and Rural Development at National Council of Applied Economic Research from 1991 till 1997. Dr. Gulati has been deeply involved in policy analysis and advice in India. He was the youngest member of the Economic Advisory Council of Prime Minister Shri Atal Bihari Vajpayee; Member of the Economic Advisory Council of the Chief Minister of Andhra Pradesh and Member of the State Planning Board of Karnataka. For his contributions to the field, the President of India honored him with the “Padma Shri” award in 2015. He has 16 books to his credit on Indian and Asian Agriculture, besides numerous research papers in national and International Journals. He has been a prolific writer in leading newspapers in India.
Independent Director
Ms. Ashu Suyash, aged 54 years, is Chartered Accountant from the Institute of Chartered Accountants of India and Bachelor’s Degree in Commerce from the University of Mumbai. Ms. Suyash is a successful leader with over 33 years of experience in the Indian financial services and the global information services sector. She has led Indian and multi-national businesses as CEO, set up companies from scratch, managed and grown complex regulated businesses and driven transformation and change. She is in the process of setting up an innovative platform for daring and passionate entrepreneurs and is an Independent Director on the Board of Hindustan Unilever Limited. She was the Managing Director & CEO of CRISIL Limited (ceased w.e.f. September 30, 2021) and a member of its Risk Management, Stakeholders Relationship and Corporate Social Responsibility Committees. Ms. Suyash has strong business acumen and experience spanning banking, capital markets, asset management, ratings, research and analytics. Having set up businesses, managed their Profit & Loss and led M&A, she brings sharp insight on strategy, execution, finance, stakeholder management, risk and regulatory affairs and in leading global teams. Ms. Suyash also serves on the Advisory Committee on Corporate Insolvency and Liquidation of the Insolvency and Bankruptcy Board of India and is an active member of several trade associations, has a keen interest in the education sector and serves on committees at Narsee Monjee Institute of Management Studies and Narsee Monjee College, National Institute of Securities Markets (“NISM”), the Advisory Boards of the Chartered Institute for Securities & Investment and the Aseema Charitable Trust. She is a Member of the Governing Board of NISM. Over the years, Ms. Suyash has received several awards and has been recognised amongst the Top 50 Women in business in India and Asia. She has authored several thought leadership articles and is deeply committed to women empowerment, right to education for all and affordable healthcare.
Non-Executive Director
Mr. Amit Desai, B. Com., LL.B., aged 62 years, is a lawyer, with several years of experience. Mr. Desai is presently also on the Board of Kotak Mahindra Trustee Company Limited.
The Board has constituted several committees to deal with specific matters as well as delegated powers to them for carrying out various activities for effective functioning of the company. The Audit Committee and Stakeholders Relationship Committee have been constituted in accordance with the guidelines issued by the Reserve Bank of India, Securities and Exchange Board of India read with requirements of the Companies Act, 2013. In addition to these, the Board has also set up additional committees such as Nomination & Remuneration Committee, Share Transfer and Other Matters Committee (STOM), Special Committee of the Board for monitoring and follow-up of Frauds (erstwhile Committee on Frauds), Customer Service Committee, Corporate Social Responsibility Committee, Risk Management Committee, Group Risk Management Committee ESOP Allotment Committee, Review Committee for classification and declaration of borrowers as wilful defaulters, Management Committee and Committee on Derivative Products.
Documents/Reports Review and Financial Reporting Process
Independent Statutory Auditors
Internal Audit Department
Whistleblowing/ Vigil mechanism
Inspections conducted by regulators
Risk Management
Process Improvement
Chairman:
Mr. Uday Chander Khanna
Members:
Dr. Ashok Gulati
Mr. C. Jayaram
Ms. Ashu Suyash
The Stakeholders Relationship Committee of the Bank reviews the complaints received from the shareholders and ensures redressal thereof.
Chairperson:
Ms. Farida Khambata
Members:
Mr. Uday Kotak
Mr. Dipak Gupta
Mr. C. Jayaram
Chairperson:
Mrs. Farida Khambata
Members:
Mr. Prakash Apte
Mr. C. Jayaram
Mr. Uday Shankar
Chairman:
Mr. Uday Kotak
Members
Mr. C. Jayaram
Mr. Dipak Gupta
Mr. KVS Manian
Pursuant to the directives of the Reserve Bank of India, the Bank has constituted a Committee on Frauds for monitoring and reviewing all the frauds involving amounts of Rs. 1 crore and above.
Chairman
Mr. Uday Kotak
Members:
Mr. Dipak Gupta
Mr. Prakash Apte
Mr. Uday Chander Khanna
Mr. C. Jayaram
The Bank has, pursuant to the directives issued by the Reserve Bank of India, constituted a Customer Services Committee. The Committee has been constituted to bring about ongoing improvements in the quality of customer services provided by the Bank. The Committee would also oversee the functioning of the Customer Service Standing Committee, compliance with the recommendations of the Committee on Procedures and Performance Audit and Public Services (CPPAPS) and also mount innovative measures for enhancing the quality of customer service and improving the level of customer satisfaction for all categories of cliental, at all times.
Chairman:
Mr. Uday Shankar
Members:
Mr. Uday Kotak
Mr. Dipak Gupta
Mr. K.V.S. Manian
Chairman
Mr. Prakash Apte
Members:
Mr. Dipak Gupta
Mr. C. Jayaram
The terms of reference of the Committee includes to identify, monitor and measure the risk profile of the Bank; develop policies and procedures; verify models that are used for preparing complex products; review models as development takes place in the markets and also identify new risks; monitor compliance of various risk parameters by operating departments; design stress scenarios to measure the impact of unusual market conditions and monitor variance between actual volatility of portfolio value and that predicted by risk measures; and ensure that the Bank’s credit exposure to any one group or industry does not exceed the internally set limits and that the risk is prudently diversified; and to specifically include cyber security.
Chairman:
Dr. Ashok Gulati
Members:
Mr. Uday Kotak
Mr. Prakash Apte
Ms. Ashu Suyash
To allot shares arising out of the options exercised in accordance with the terms and conditions of the various ESOP Schemes of the Bank
Chairman:
Mr. Uday Kotak
Members:
Mr. Dipak Gupta
Mr. C. Jayaram
Mr. Gaurang Shah
Chairman:
Mr. Uday Kotak
Members:
Mr. Prakash Apte
Mr. C. Jayaram
Mr. Uday Chander Khanna
Know more
To review the order passed by the Identification Committee (1st Level Committee) after considering the written representation, if any forwarded by the Borrower(s) and pass necessary orders upholding / rejecting the order passed by the Identification Committee (1st Level Committee).
Chairman:
Mr. Uday Kotak
Members:
Mr. Prakash Apte
Mr. C. Jayaram
Mr. Uday Chander Khanna
To bring operational flexibility in processing of credit proposals and also to discharge other responsibilities prescribed in different RBI directives including periodical calendar of reviews.
Chairman:
Mr. Uday Kotak
Members:
Mr. Dipak Gupta
Mr. KVS Manian
Mr. C. Jayaram
1) Issues relating to the Group from risk perspective.
2) Group risk appetite.
3) Analyse the material risks to which the Group, its businesses and subsidiaries would be exposed. It would discuss all risk strategies, both at an aggregated level and by type of risk and make recommendations to the Board in accordance with the Group’s overall risk appetite.
4) Identify potential intra-group conflicts of interest.
5) Assess whether there were effective systems in place to facilitate exchange of information for effective risk oversight of the Group.
6) Carry out periodic independent formal review of the Group structure and internal controls.
7) Articulate the leverage of the Group and monitor the same.
Chairman:
Mr. Prakash Apte
Members:
Mr. Uday Kotak
Mr. Dipak Gupta
Mr. Uday Chander Khanna
Mr. Gaurang Shah
To examine the new product proposals, various parameters and their comprehensive evaluation, before being offered to its customers.
Chairman:
Mr. Dipak Gupta
Members:
Mr. K.V.S. Manian
Mr. Gaurang Shah
Kotak Mahindra Prime Ltd is among India's largest dedicated passenger vehicle finance companies. Kotak Mahindra Prime offers loans for the entire range of passenger cars, multi-utility vehicles and pre-owned cars. Also on offer are inventory funding and infrastructure funding to car dealers with strategic arrangements via various car manufacturers in India as their preferred financier.
For more information, please visit the Kotak Prime website - https://www.carloan.kotak.com
Uday Kotak (Chairman)
Vyomesh Kapasi (Managing Director)
Chandrashekhar Sathe, Independent Director
Akila Urankar, Independent Director
D. Kannan, Non-Executive Director
Ravi Venkatraman, Independent Director
Shahrukh Todiwala, Whole-Time Director
Amit Mohan, Non-Executive Director
Kotak Securities is one of the largest broking houses in India with a wide geographical reach. Kotak Securities operations include stock broking and distribution of various financial products including private and secondary placement of debt, equity and mutual funds.
Kotak Securities operates in the belowmentioned main areas of business:
For more information, please visit the Kotak Securities website - http://www.kotaksecurities.com
Board of Directors
Narayan S.A. (Chairman)
Falguni Nayar
Noshir Dastur
K.V.S. Manian
Jaideep Hansraj (Managing Director)
Kotak Investment Banking (KMCC) is a full-service investment bank in India offering a wide suite of capital market and advisory solutions to leading domestic and multinational corporations, banks, financial institutions and government companies.
Our services encompass Equity & Debt Capital Markets, M&A Advisory, Private Equity Advisory, Restructuring and Recapitalization services, Structured Finance services and Infrastructure Advisory & Fund Mobilization.
For more information, please visit the Kotak Investment Banking website - http://www.investmentbank.kotak.com/
Board of Directors
Uday Kotak (Chairman)
Dipak Gupta
S Ramesh (Managing Director & CEO)
Sourav Mallik (Joint Managing Director)
Jaimin Bhatt
KVS Manian
T. V. Raghunath
Jayasankar Venkataraman, Whole Time Director
Kotak Mahindra Life Insurance Company Limited (Formerly known as Kotak Mahindra Old Mutual Life Insurance Ltd.) has become a 100% subsidiary of Kotak Mahindra Bank Limited with effect from 13th October 2017.
A Company that combines its international strengths and local advantages to offer its customers a wide range of innovative life insurance products, helping them take important financial decisions at every stage in life and stay financially independent. The company has covered over 19 million lives and is one of the fastest growing insurance companies in India.
For more information, please visit the Kotak Life Insurance website - https://insurance.kotak.com
Board of Directors
Uday Kotak (Chairman)
Mahesh Balasubramanian (Managing Director)
G. Murlidhar
Dipak Gupta
Anita Ramachandran
Gaurang Shah
Paresh Parasnis
Prakash Apte
Shivaji Dam
Kotak Mahindra General Insurance Company Ltd. is a 100% subsidiary of Kotak Mahindra Bank Ltd., one of the fastest growing banks in India. Kotak Mahindra General Insurance Company Ltd. was established to service the growing non-life insurance needs of an emerging India, emphasizing on customer service, quality & innovation. The company aims to cater to a wide range of customer segment & geographies offering an array of non-life insurance products like Motor, Health, etc.
As a practice, the company seeks to provide a differentiated value proposition through customized products & services leveraging state of art technology & digital infrastructure.
For more information, please visit the Kotak Mahindra General Insurance website - http://www.kotakgeneralinsurance.com/
Board of Directors
Gaurang Shah
Suresh Agarwal (Managing Director & CEO)
Mahesh Balasubramanian
G. Murlidhar
Virat Diwanji
Dhananjay Date
Anu Aggarwal
Arun Agarwal
Sharda Agarwal
Kotak Mahindra Investments Limited (KMIL) is a 100% subsidiary of Kotak Mahindra Bank Ltd. The Company is into primary businesses of Financing against securities, Lending to Real Estate Sector, Corporate & other structured Finance and Strategic Investments.
The company is rated AAA by CRISIL indicating high-credit-quality rating with stable outlook. KMIL, with a consolidated book of about 7,000 Crores, has marquee names as clients in its Loans against Shares , Corporate and Structures products business and Corporate Real Estate sector.
Being a part of the Kotak Group, KMIL endeavor's to provide strategic solutions to its clients in the areas that it operates in. It enables its customers to pursue ambitious growth strategies and execute value-creating transactions. Its strategy has been of relationship management & penetration, continuous product innovation coupled with tight control on credit quality and effective risk monitoring & management. The Company is well positioned to harness all opportunities that current economic environment offers.
For more information, please visit the Kotak Mahindra Investment website - http://www.kmil.co.in/
Board of Directors
Uday Kotak (Chairman)
Paritosh Kashyap
Chandrashekhar Sathe
KVS Manian
Padmini Khare Kaicker
Kotak Mahindra Asset Management Company Limited is the asset manager of Kotak Mahindra Mutual Fund. Kotak Mahindra Asset Management Company Limited offers a complete bouquet of asset management products and services that are designed to suit the diverse risk return profiles of each and every type of investor.
KMAMC and Kotak Mahindra Bank are the sponsors of Kotak Mahindra Pension Fund Ltd, which has been appointed as one of six fund managers to manage pension funds under the New Pension Scheme (NPS).
For more information, please visit the KMAMC website - http://assetmanagement.kotak.com/
Board of Directors
Uday Kotak (Chairman)
Nilesh Shah (Managing Director)
C. Jayaram
Gaurang Shah
Nalin Shah
Sanjiv Malhotra
Anjali Bansal
Mr. Krishnakumar Natarajan
Kotak Mahindra Trustee Company Limited acts as the trustee to Kotak Mahindra Mutual Fund.
Board of Directors
Amit Desai (Chairman)
Chandrashekhar Sathe
Mr. Uday Phadke
Mr. Sharadkumar Bhatia
Jayesh Merchant
Kotak Mahindra Pension Fund Limited (KMPFL), a subsidiary of Kotak Mahindra Asset Management Co. Ltd (KMAMC) was appointed as a Pension Fund Manager (PFM) by the Pension Fund Regulatory and Development Authority (PFRDA).
Board of Directors
Nilesh Shah
Tushar Mavani
Mr. Noshir Dastur
G Murlidhar
Sharadkumar Bhatia
This subsidiary of Kotak Mahindra Bank Ltd is registered with the Financial Services Commission-Mauritius. KMIL has a registered office in Mauritius and a representative office in Abu Dhabi .
For more information, please visit the Kotak Mahindra International Business website - http://investindia.kotak.com
Board of Directors
Shyam Kumar Syamasundaran
Christopher Daniel
Mamode Izam Nathadkhan
Neeraj Malhotra
Mr. Amul Sharma
Thirumagen Vaitilingon;
Ms. Priscilla Balgobin-Bhoyrul
KMUK, a 100% subsidiary of Kotak (the parent company). Is one of the first firms of Indian origin to be authorized and regulated by the Financial Conduct Authority in the United Kingdom.
KMUK has the registered office in London, with branch offices in Dubai and Singapore. It is the first Indian company to be authorized to operate from its branch in the Dubai International Financial Centre and is regulated by the Dubai Financial Services Authority. It is also regulated by the Monetary Authority of Singapore.
For more information, please visit the Kotak Mahindra International Business website - http://investindia.kotak.com
Board of Directors
Dipak Gupta
Sanjeev Kumar Prasad
Gaurang Shah
Ruchit Puri
Shyam Kumar Syamasundaran
Christopher Daniel
Gijo Joseph
This subsidiary of Kotak Mahindra Bank Ltd is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) in the United States. It offers investors in US, an opportunity to invest in India through a range of India specific funds and through facilitating institutional trades through Kotak Securities Limited. KM Inc has its registered office in Delaware and principal business office in New York.
For more information, please visit the Kotak Mahindra International Business website - http://investindia.kotak.com/
Board of Directors
Christopher Daniel
Gaurang Shah
Gijo Joseph
Shyam Kumar Syamasundaran
KMAMS, a 100% subsidiary of Kotak (the parent company), is incorporated in Singapore and serves as the international asset management arm of the Kotak group. KMAMS is authorised and regulated in Singapore by the Monetary Authority of Singapore and holds a Capital Markets License to engage in fund management activities.
For more information, please visit the Kotak Mahindra International Business website - http://investindia.kotak.com
Board of Directors
Gaurang Shah
Nitin Jain
Ruchit Puri
Shyam Kumar Syamasundaran
Nilesh Shah
KIAL is in the business of managing and advising funds across various asset classes namely (a) Private Equity (b) Real Estate (c) Infrastructure and (d) Listed Strategies.
Board of Directors
Dipak Gupta
Jaimin Bhatt
Shanti Ekambaram
Sriniwasan Subramanian
Ms. Oisharya Das
Mr. Gaurang Shah
Kotak Mahindra Trusteeship Services Limited acts as a trustee to domestic venture capital funds and private equity funds. It also acts as a trustee to estate planning trusts, in which it assists in setting up private trusts for high net worth individuals to achieve their succession and financial planning.
Board of Directors
K.M.Gherda (Chairman)
Chandrashekhar Sathe
Chetan Desai
Shivaji Dam
Tushar Mavani
KIDFL, formerly into forex broking business, was converted into the infrastructure debt financing business after approval from RBI. The regulatory approval for registration as a non-banking financial company from RBI has been received in April 2017.
Board of Directors
Dipak Gupta
K.V.S. Manian
Sujata Guhathakurta
Raghunandan Maluste
Rajiv Gurnani
IVY Product Intermediaries Ltd is engaged in marketing and distribution of various financial products/services of the Bank
Board of Directors
Himanshu Vasa
Ambuj Chandna
Chetan Desai
BSS Microfinance Limited is a Business Correspondent of Kotak Mahindra Bank for providing micro credit products to women belonging to economically disadvantaged sections mainly for income generation activities helping them expand their micro-enterprises, increasing their household income and improving the overall quality of lives of their families.
Board of Directors
Narayan SA
D Kannan
BS Sivakumar
Chandrashekhar Sathe
KMFSL, registered in Abu Dhabi Global Markets (“ADGM), United Arab Emirates is regulated by the Financial Services Regulatory Authority (FSRA), the financial services regulator for the ADGM. The Financial Services Permission (“FSP”) issued by FSRA to the firm is 200051. KMFSL offers financial services in and out of the ADGM and is authorized by FSRA to conduct the following regulated activities:
a) Arranging deals in investment ;
b) Advising on Investments or Credit;
c) Insurance intermediation
d) Arranging Custody; and
e) Arranging Credit
Board of Directors
Ms. Shanti Ekambaram
Mr. Rajeev Mohan
Mr. Jaideep Hansraj
Mr. Shyam Kumar
Mr. Amul Sharma
Mr. Gijo Joseph
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| May 17, 2022 |
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Kotak Mahindra Bank Ltd has informed to BSE/NSE that, pursuant to the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we enclose herewith:
with respect to the unclaimed dividend and the eligible Equity Shares of the Bank due for transfer to the Investor Education and Protection Fund (“IEPF”) Authority in the financial year 2022-23.
Kotak Mahindra Bank Ltd has informed to Stock Exchanges BSE/NSE that, This has reference to our letter dated December 20, 2021 enclosing the Postal Ballot Notice dated December 17, 2021 alongwith the Explanatory Statement seeking the approval of the Members of Kotak Mahindra Bank Limited ("Bank"), to transact the Special Business, as detailed below,
Item No. 1 Appointment of Ms. Ashu Suyash (DIN: 00494515) as an Independent Director of the Bank - Special Resolution
Item No. 2 Material Related Party Transaction with lnfina Finance Private Limited - Ordinary Resolution
Item No. 3 Material Related Party Transaction with Mr. Uday Suresh Kotak - Ordinary Resolution
Item No. 4 Issuance of Redeemable Unsecured Non- Convertible Debentures I Bonds I other debt securities on a private placement basis - Special Resolution
Pursuant to Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the above mentioned Ordinary and Special Resolutions have been passed by the Members of the Bank with the requisite majority. The Resolutions are deemed to have been passed effectively on the last date specified for remote e-voting i.e. January 19, 2022.
Overview of the Training Programme attended by the Independent Directors of the Bank:Prof. S. Mahendra Dev attended the four-day residential workshop (17- 20 September 2016) on Board Governance and Effectiveness at the Indian School of Business (ISB) Hyderabad.
Overview of the Familiarization Programme conducted for the Independent Director of the Bank: Two sessions were conducted by the Bank on 19th September 2016 (from 10.00 am to 4.00 pm) and 20th September 2016 (10.00 am to 2.30 pm) to familiarise the new Independent Director with the nature of the industry in which the Bank operates, business model, risk management system and technology of the Bank.
Overview of the Familiarization Programme conducted for the Independent Director of the Bank: One session was conducted by the Bank on 4th April 2019 (from 9.00 am to 5.00 pm) to familiarise the new Independent Director with the nature of the industry in which the Bank operates, business model, risk management system and technology of the Bank.
Overview of the Certification Program in IT & Cyber Security for the Board Members conducted by the Institute for Development & Research in Banking Technology on 19th and 20th August 2019.
Program for Non-Executive Directors on the Boards of Banks conducted by The Centre for Advanced Financial Research and Learning (CAFRAL) from October 14-15, 2019 from 9.00 am to 5.15 p.m. at Taj Vivanta, Panaji, Goa attended by Prof. S. Mahendra Dev and Mr. Uday Khanna.
Programme on Artificial Intelligence and Machine Learning – a session handled by a team from Amazon held on 6th August 2020 from 11.00 am to 1.00 pm was attended by Mr Prakash Apte, Prof. Mahendra Dev, Mrs. Farida Khambata, Mr. Uday Shankar, Mr. Uday Kotak, Mr. Dipak Gupta, Mr. K.V.S. Manian and Mr. Gaurang Shah.
Program for Non-Executive Directors on the Boards of Banks and Financial Institutions organised by the Centre for Advanced Financial Research and Learning held on 31st August 2020 from 11:00 am to 4:30 pm was attended by Mr. Uday Khanna.
Cyber Security Awareness session was conducted for the Board of Directors on January 27, 2021 by KPMG Assurance and Consulting Services LLP, from 10.00 am to 12.30 pm. The topics covered were i) Security incidents in the industry and learnings, ii) Cyber security trends (Risks and mitigation controls) and iii) Table Top Exercise simulating a cyber attack.
Chasing Growth 2021: Speaker Sessions on February 22-23, 2021, was organized by Kotak Securities Limited – Institutional Equities and the session was attended by Prof. S. Mahendra Dev, Mr. Uday Khanna, Mr. C. Jayaram, Mr. Prakash Apte, Mr. Uday Shankar and Mrs. Farida Khambata.
Overview of the Familiarization Programme conducted for the Independent Director of the Bank: Two sessions were conducted by the Bank on May 24, 2021 (from 10.30 am to 4.00 pm) and on May 25, 2021 (from 9.30 am to 6.00 pm) to familiarise the new Independent Director with the nature of the industry in which the Bank operates, the topics covered were Structure & Finance, Treasury, Consumer Bank, Human Resources, Information Technology, Wholesale Bank, Wealth Management, Compliance and Commercial Bank.
Overview of the Familiarization Programme conducted for the Independent Director of the Bank: A session was conducted by the subsidiaries, the businesses covered were Asset Management, Insurance & Pension, Asset Reconstruction on June 25, 2021 (from 4.00 pm to 6.00 pm) to familiarise the new Independent Director.
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