In this fiscal, Kotak Mahindra Bank (KMB) will add 100 branches in the country to its already functioning 450 branches, said Virat Diwanji, Executive vice-president and Head, Branch Banking of KMB. He was launching the bank's specially designed savings bank account for children, 'Kotak Junior', in Coimbatore on August 28. The SB account is meant to encourage children to save smartly from an early age, he added.
Tag: Kotak Mahindra Bank
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Kotak Mahindra to open 100 new banks
In the current fiscal year, Kotak Mahindra Bank is planning to open 100 new branches across India. The bank has all India network of 450 branches and 969 ATMs. With the opening of 100 more branches the bank will cross 550 mark before March, 31 2014, said Kotak Mahindra Bank Executive vice-president Virat Diwanji.
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Kotak mops up $90 mn to invest in infrastructure sector
According to an official statement, Kotak Mahindra Bank raised about $90 million in order to invest in companies engaged in industries like power generation and transmission, transportation. The amount, which is raised under the Core Infrastructure India Fund, would also be invested in water treatment and supply, waste management and gas transmission in
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Perspective on the Credit Policy
In my opinion, RBI delivered a very balanced policy. As expected, they chose the calibrated path of a 25 bps cut in the Repo and the Reverse Repo rates as they wanted to avoid a repeat of April 2012 when the RBI had cut the Repo rate by 50 bps and then had to pause with surprises creeping in from the inflation side. On the other side, there is a clear acknowledgement from the RBI that demand side activity has remained low, growth has slowed below trend, probably needing the RBI to complement the