CHAPTER-III

INDUSTRY PROFILE
&
COMPANY PROFILE

BANKING IN INDIA
Introduction :
As per the Reserve Bank of India (RBI), Indias banking sector is sufficiently
capitalized and well-regulated. The financial and economic conditions in the country
are far superior to any other country in the world. Credit, market and liquidity risk
studies suggest that Indian banks are generally resilient and have withstood the
global downturn well.
Indian banking industry is expected to witness better growth prospects in 2015 as a
sense of optimism stems from the Governments measures towards revitalizing the
industrial growth in the country. In addition, RBIs new measures may go a long way
in helping the restructuring of the domestic banking industry.
A bank is a financial institution that accepts deposits and channels those
deposits into lending activities. Banks primarily provide financial services to
customers while enriching investors. Government restrictions on financial activities
by banks vary over time and location. Banks are important players in financial
markets and offer services such as investment funds and loans. In some countries
such as Germany, banks have historically owned major stakes in industrial
corporations while in other countries such as the United States banks are prohibited
from owning non-financial companies. In Japan, banks are usually the nexus of a
cross-share holding entity known as the keiretsu. In France, bancassurance is
prevalent, as most banks offer insurance services (and now real estate services) to
their clients.

Introduction :

Indias banking sector is constantly growing. Since the turn of the century,
there has been a noticeable upsurge in transactions through ATMs, and also internet
and mobile banking.
Following the passing of the Banking Laws (Amendment) Bill by the Indian
Parliament in 2013, the landscape of the banking industry began to change. The bill
allows the Reserve Bank of India (RBI) to make final guidelines on issuing new
licenses, which could lead to a bigger number of banks in the country. Some banks
have already received licences from the government, and the RBI's new norms will
provide incentives to banks to spot bad loans and take requisite action to keep
rogue borrowers in check.
Over the next decade, the banking sector is projected to create up to two
million new jobs, driven by the efforts of the RBI and the Government of India to
integrate financial services into rural areas. Also, the traditional way of operations
will slowly the word
The name bank derives from the Italian word banco "desk/bench", used
during the Renaissance by Jewish Florentine bankers, who used to make their
transactions above a desk covered by a green tablecloth. However, there are traces
of banking activity even in ancient times, which indicates that the word 'bank' might
not necessarily come from the word 'ban co'.
In fact, the word traces its origins back to the Ancient Roman Empire, where
moneylenders would set up their stalls in the middle of enclosed courtyards called
macella on a long bench called a bancu, from which the words banco and bank are
derived. As a moneychanger, the merchant at the bancu did not so much invest
money as merely convert the foreign currency into the only legal tender in Rome
that of the Imperial Mint.
The earliest evidence of money-changing activity is depicted on a silver drachm
coin from ancient Hellenic colony Trapezus on the Black Sea, modern Trabzon, c.

350325 BC, presented in the British Museum in London. The coin shows a banker's
table (trapeza) laden with coins, a pun on the name of the city.
In fact, even today in Modern Greek the word Trapeza () means both a table
and a bank.
Market Size:
The Indian banking system consists of 26 public sector banks, 25 private sector
banks, 43 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks
and 93,550 rural cooperative banks, in addition to cooperative credit institutions.
Public-sector banks control nearly 80 percent of the market, thereby leaving
comparatively much smaller shares for its private peers.
As of November 11, 2015, 192.1 million accounts had been opened under Pradhan
Mantri Jan Dhan Yojna (PMJDY) and 165.1 million RuPay debit cards were issued.
These new accounts have mustered deposits worth Rs 26,819 crore (US$ 4 billion).
Standard & Poors estimates that credit growth in Indias banking sector would
improve to 12-13 per cent in FY16 from less than 10 per cent in the second half of
CY14.

Investments/developments:
In the past few months, there have been many investments and developments in
the Indian banking sector

Global rating agency Moody's has upgraded its outlook for the Indian banking
system to stable from negative based on its assessment of five drivers
including improvement in operating environment and stable asset risk and
capital scenario.

Lok Capital, a private equity investor backed by US-based non-profit

organisation Rockefeller Foundation, plans to invest up to US$ 15 million in
two proposed small finance banks in India over the next one year.

The Reserve Bank of India (RBI) has granted in-principle licences to 10

applicants to open small finance banks, which will help expanding access to
financial services in rural and semi-urban areas.

IDFC Bank has become the latest new bank to start operations with 23
branches, including 15 branches in rural areas of Madhya Pradesh.

The RBI has given in-principle approval to 11 applicants to establish payment

banks. These banks can accept deposits and remittances, but are not allowed
to extend any loans.

The Bank of Tokyo-Mitsubishi (BTMU), a Japanese financial services group,

aims to double its branch count in India to 10 over the next three years and
also target a 10 per cent credit growth during FY16.

State Bank of India has tied up with e-commerce portal Snapdeal and
payment gateway Paypal to finance MSME businesses.

The United Economic Forum (UEF), an organisation that works to improve

socio-economic status of the minority community in India, has signed a
memorandum of understanding (MoU) with Indian Overseas Bank (IOB) for
financing entrepreneurs from backward communities to set up businesses in
Tamil Nadu

The RBI has allowed third-party white label automated teller machines (ATM)
to accept international cards, including international prepaid cards, and said
white label ATMs can now tie up with any commercial bank for cash supply.

The RBI has allowed Indian alternative investment funds (AIFs), to invest
abroad, in order to increase the investment opportunities for these funds.

In order to boost the infrastructure sector and the banks financing long
gestation projects, the RBI has extended its flexible refinancing and
repayment option for long-term infrastructure projects to existing ones where
the total exposure of lenders is more than Rs 500 crore (US$ 75.1 million).

RBI governor Mr Raghuram Rajan and European Central Bank President Mr

Mario Draghi have signed an MoU on cooperation in central banking. The

memorandum of understanding provides a framework for regular exchange of

information, policy dialogue and technical cooperation between the two
institutions. Technical cooperation may take the form of joint seminars and
workshops in areas of mutual interest in the field of central banking, RBI said
on its website.

RBL Bank informed that it would be the anchor investor in Trifecta Capitals
Venture Debt Fund, the first alternative investment fund (AIF) in India with a
commitment of Rs 50 crore (US$ 7.51 million). This move provides RBL Bank
the opportunity to support the emerging venture debt market in India.

Bandhan Financial Services raised Rs 1,600 crore (US$ 240.2 million) from
two international institutional investors to help convert its microfinance
business into a full service bank. Bandhan, one of the two entities to get a
banking license along with IDFC, launched its banking operations in August
2015.

Government Initiatives:
The government and the regulator have undertaken several measures to strengthen
the Indian banking sector.

The Government of India is looking to set up a special fund, as a part of

National Investment and Infrastructure Fund (NIIF), to deal with stressed
assets of banks. The special fund will potentially take over assets which are
viable but dont have additional fresh equity from promoters coming in to
complete the project.

The Reserve Bank of India (RBI) plans to soon come out with guidelines, such
as common risk-based know-your-customer (KYC) norms, to reinforce

protection for consumers, especially since a large number of Indians have

now been financially included post the governments massive drive to open a
bank account for each household.

To provide relief to the state electricity distribution companies, Government

of India has proposed to their lenders that 75 per cent of their loans be
converted to state government bonds in two phases by March 2017. This will
help several banks, especially public sector banks, to offload credit to state
electricity distribution companies from their loan book, thereby improving
their asset quality.

The Reserve Bank of India (RBI), the Department of Industrial Policy &
Promotion (DIPP) and the Finance Ministry are planning to raise the Foreign
Direct Investment (FDI) limit in private banks sector to 100 per cent from 74
per cent.

Government of India aims to extend insurance, pension and credit facilities to

those excluded from these benefits under the Pradhan Mantri Jan Dhan Yojana
(PMJDY).<

The Government of India announced a capital infusion of Rs 6,990 crore (US$

1.05 billion) in nine state run banks, including State Bank of India (SBI) and
Punjab National Bank (PNB). However, the new efficiency parameters would
include return on assets and return on equity. According to the finance
ministry, This year, the Government of India has adopted new criteria in
which the banks which are more efficient would only be rewarded with extra
capital for their equity so that they can further strengthen their position." To
facilitate an easy access to finance by Micro and Small Enterprises (MSEs),
the Government/RBI has launched Credit Guarantee Fund Scheme to provide
guarantee cover for collateral free credit facilities extended to MSEs upto Rs 1
Crore (US$ 0.15 million). Moreover, Micro Units Development & Refinance
Agency (MUDRA) Ltd. was also established to refinance all Micro-finance
Institutions (MFIs), which are in the business of lending to micro / small
business entities engaged in manufacturing, trading and services activities
upto Rs 10 lakh (US$ 0.015 million).

The central government has come out with draft proposals to encourage
electronic transactions, including income tax benefits for payments made
through debit or credit cards.

The Union cabinet has approved the establishment of the US$ 100 billion New
Development Bank (NDB) envisaged by the five-member BRICS group as well
as the BRICS contingent reserve arrangement (CRA).

The government has plans to set up a fund that will provide surety to banks
against loans given to students for higher education.

Road Ahead :

The Indian economy is on the brink of a major transformation, with several

policy initiatives set to be implemented shortly. Positive business sentiments,
improved consumer confidence and more controlled inflation are likely to prop-up
the countrys the economic growth. Enhanced spending on infrastructure, speedy
implementation of projects and continuation of reforms are expected to provide
further impetus to growth. All these factors suggest that Indias banking sector is
also poised for robust growth as the rapidly growing business would turn to banks
for their credit needs.

Also, the advancements in technology have brought the mobile and internet
banking services to the fore. The banking sector is laying greater emphasis on
providing improved services to their clients and also upgrading their technology
infrastructure, in order to enhance the customers overall experience as well as give
banks a competitive edge.

Many banks, including HDFC, ICICI and AXIS are exploring the option to
launch contact-less credit and debit cards in the market shortly. The cards, which
use near field communication (NFC) mechanism, will allow customers to transact
without having to insert or swipe.

Indian banking sector credit growth has grown at a healthy pace:

Credit off-take has been surging ahead over the past decade, aided by strong
economic growth, rising disposable incomes, increasing consumerism and easier
access to credit
Total credit extended went up to US$ 1,089 billion by FY15
Credit to non-food industries increased 9.75 per cent to US$ 1,073.4 billion in
FY15, from the previous financial year
Demand has grown for both corporate and retail loans

Reserve Bank of India (RBI) in its fifth bi-monthly monetary policy review has
maintained status quo in key policy interest rate. were kept unchanged on the basis
of an assessment of the current and evolving macroeconomic situation in the
country. The Key policy interest rates are Repo rate under the liquidity adjustment
facility (LAF): unchanged at 6.75 per cent. Reverse repo rate under the LAF:
unchanged at 5.75 per cent Marginal standing facility (MSF) rate and the Bank Rate
has unchanged at 7.75 per cent. Cash Reserve Ratio (CRR) of scheduled banks:
Unchanged at 4.0 per cent of net demand and time liability (NDTL). Continuation of
liquidity under overnight repos at 0.25 per cent of bank-wise NDTL at the LAF repo
rate. Continuation of liquidity

under 14-day term repos as well as longer term

repos of up to 0.75 per cent of NDTL of the banking system through auctions.

COMPANY PROFILE

Originally established in 1994, Kotak Securities is a subsidiary of Kotak Mahindra

Bank, which services more than 7.4 lakh customers. The firm has a wide network of
more than 1400 branches, franchisees representative offices, and satellite offices
across 448 cities in India and offices in New York, London, Dubai, Mauritius and
Singapore.We process more than 400000 trades a day which is much higher than
some of the renowned international brokers

Kotak Mahindra Bank is India's premier housing finance company and enjoys an
impeccable track record in India as well as in international markets. Since its
inception in 1977, the Corporation has maintained a consistent and healthy growth
in its operations to remain the market leader in mortgages. Its outstanding loan
portfolio covers well over a million dwelling units. Kotak Mahindra Bank has
developed significant expertise in retail mortgage loans to different market
segments and also has a large corporate client base for its housing related credit
facilities. With its experience in the financial markets, a strong market reputation,
large shareholder base and unique consumer franchise, Kotak Mahindra Bank was
ideally positioned to promote a bank in the Indian environment.

Kotak Mahindra Banks mission is to be a World-Class Indian Bank. The objective is to

build sound customer franchises across distinct businesses so as to be the preferred
provider of banking services for target retail and wholesale customer segments, and
to achieve healthy growth in profitability, consistent with the bank's risk appetite.
The bank is committed to maintain the highest level of ethical standards,
professional integrity, corporate governance and regulatory compliance. Kotak
Mahindra Bank's business philosophy is based on four core values - Operational
Excellence, Customer Focus, Product Leadership and People.

Capital Structure:
As on 31st December, 2009 the authorized share capital of the Bank is Rs. 550
crore. The paid-up capital as on said date is Rs. 455,23,65,640/- (45,52,36,564
equity shares of Rs. 10/- each). The Kotak Mahindra Bank Group holds 23.87 % of
the Bank's equity and about 16.94 % of the equity is held by the ADS Depository (in
respect of the bank's American Depository Shares (ADS) Issue). 27.46 % of the
equity is held by Foreign Institutional Investors (FIIs) and the Bank has about
4,58,683 shareholders.

The shares are listed on the Bombay Stock Exchange Limited and The National
Stock Exchange of India Limited. The Bank's American Depository Shares (ADS) are
listed on the New York Stock Exchange (NYSE) under the symbol 'HDB' and the
Bank's Global Depository Receipts (GDRs) are listed on Luxembourg Stock Exchange
under ISIN No US40415F2002.
Kotak Mahindra Bank

is headquartered in Mumbai. The Bank at present has an

enviable network of 1,725 branches spread in 771 cities across India. All branches
are linked on an online real-time basis. Customers in over 500 locations are also
serviced through Telephone Banking. The Bank's expansion plans take into account
the need to have a presence in all major industrial and commercial centres where
its corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products. Being a clearing/settlement
bank to various leading stock exchanges, the Bank has branches in the centres
where the NSE/BSE have a strong and active member base.

The Bank also has 4,000 networked ATMs across these cities. Moreover, Kotak
Mahindra Bank's ATM network can be accessed by all domestic and international
Visa/MasterCard,

Visa

Electron/Maestro,

Credit/Charge cardholders.

Plus/Cirrus

and

American

Express

Mr. Jagdish Capoor took over as the bank's Chairman in July 2001. Prior to this, Mr.
Capoor was a Deputy Governor of the Reserve Bank of India.

The Managing Director, Mr. Aditya Puri, has been a professional banker for over 25
years, and before joining Kotak Mahindra Bank in 1994 was heading Citibank's
operations in Malaysia.
The Bank's Board of Directors is composed of eminent individuals with a wealth of
experience in public policy, administration, industry and commercial banking. Senior
executives representing Kotak Mahindra Bank are also on the Board.

Senior banking professionals with substantial experience in India and abroad head
various businesses and functions and report to the Managing Director. Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry, the bank believes that its people are a
significant competitive strength.
KOTAK MAHINDRA BANK Bank operates in a highly automated environment in terms
of information technology and communication systems. All the bank's branches
have online connectivity, which enables the bank to offer speedy funds transfer
facilities to its customers. Multi-branch access is also provided to retail customers
through the branch network and Automated Teller Machines (ATMs).

The Bank has made substantial efforts and investments in acquiring the best
technology available internationally, to build the infrastructure for a world class
bank. The Bank's business is supported by scalable and robust systems which
ensure that our clients always get the finest services we offer.

The Bank has prioritized its engagement in technology and the internet as one of its
key goals and has already made significant progress in web-enabling its core
businesses. In each of its businesses, the Bank has succeeded in leveraging its

market position, expertise and technology to create a competitive advantage and

build market share.
KOTAK MAHINDRA BANK offers a wide range of commercial and transactional
banking services and treasury products to wholesale and retail customers. The bank
has three key business segments:

Wholesale Banking Services:

The Bank's target market ranges from large, blue-chip manufacturing
companies in the Indian corporate to small & mid-sized corporates and agribased businesses. For these customers, the Bank provides a wide range of
commercial and transactional banking services, including working capital
finance, trade services, transactional services, cash management, etc. The
bank is also a leading provider of structured solutions, which combine cash
management services with vendor and distributor finance for facilitating
superior supply chain management for its corporate customers. Based on its
superior product delivery / service levels and strong customer orientation, the
Bank has made significant inroads into the banking consortia of a number of
leading Indian corporates including multinationals, companies from the
domestic business houses and prime public sector companies. It is recognized
as a leading provider of cash management and transactional banking solutions
to corporate customers, mutual funds, stock exchange members and banks.

Retail Banking Service:

The objective of the Retail Bank is to provide its target market customers a full
range of financial products and banking services, giving the customer a onestop window for all his/her banking requirements. The products are backed by
world-class service and delivered to customers through the growing branch
network, as well as through alternative delivery channels like ATMs, Phone

Banking,

Net

Banking

and

Mobile

Banking

The Kotak Mahindra Bank Preferred program for high net worth individuals, the
KOTAK MAHINDRA BANK Plus and the Investment Advisory Services programs
have been designed keeping in mind needs of customers who seek distinct
financial solutions, information and advice on various investment avenues. The
Bank also has a wide array of retail loan products including Auto Loans, Loans
against marketable securities, Personal Loans and Loans for Two-wheelers. It is
also a leading provider of Depository Participant (DP) services for retail
customers, providing customers the facility to hold their investments in
electronic form.

Kotak Mahindra Bank was the first bank in India to launch an International
Debit Card in association with VISA (VISA Electron) and issues the MasterCard
Maestro debit card as well. The Bank launched its credit card business in late
2001. By March 2009, the bank had a total card base (debit and credit cards) of
over 13 million. The Bank is also one of the leading players in the merchant
acquiring business with over 70,000 Point-of-sale (POS) terminals for debit /
credit cards acceptance at merchant establishments. The Bank is well
positioned as a leader in various net based B2C opportunities including a wide
range of internet banking services for Fixed Deposits, Loans, Bill Payments, etc.

Treasury:

Within this business, the bank has three main product areas - Foreign Exchange
and Derivatives, Local Currency Money Market & Debt Securities, and Equities.
With the liberalization of the financial markets in India, corporates need more
sophisticated risk management information, advice and product structures.
These and fine pricing on various treasury products are provided through the
bank's Treasury team.
To comply with statutory reserve requirements, the bank is required to hold
25% of its deposits in government securities. The Treasury business is
responsible for managing the returns and market risk on this investment
portfolio.

Credit rating:
The Bank has its deposit programs rated by two rating agencies - Credit Analysis &
Research Limited (CARE) and Fitch Ratings India Private Limited. The Bank's Fixed
Deposit programme has been rated 'CARE AAA (FD)' [Triple A] by CARE, which
represents instruments considered to be "of the best quality, carrying negligible
investment risk". CARE has also rated the bank's Certificate of Deposit (CD)
programme "PR 1+" which represents "superior capacity for repayment of short
term promissory obligations". Fitch Ratings India Pvt. Ltd. (100% subsidiary of Fitch
Inc.) has assigned the "AAA ( ind )" rating to the Bank's deposit programme, with
the outlook on the rating as "stable". This rating indicates "highest credit quality"
where "protection factors are very high"
The Bank also has its long term unsecured, subordinated (Tier II) Bonds rated by
CARE and Fitch Ratings India Private Limited and its Tier I perpetual Bonds and
Upper Tier II Bonds rated by CARE and CRISIL Ltd. CARE has assigned the rating of
"CARE AAA" for the subordinated Tier II Bonds while Fitch Ratings India Pvt. Ltd. has
assigned the rating "AAA (ind)" with the outlook on the rating as "stable". CARE has
also assigned "CARE AAA [Triple A]" for the Banks Perpetual bond and Upper Tier II
bond issues. CRISIL has assigned the rating "AAA / Stable" for the Bank's Perpetual

Debt programme and Upper Tier II Bond issue. In each of the cases referred to
above, the ratings awarded were the highest assigned by the rating agency for
those instruments.

Corporate Governance Rating:

The bank was one of the first four companies, which subjected itself to a
Corporate Governance and Value Creation (GVC) rating by the rating agency, The
Credit Rating Information Services of India Limited (CRISIL). The rating provides an
independent assessment of an entity's current performance and an expectation on
its "balanced value creation and corporate governance practices" in future.
The bank has been assigned a 'CRISIL GVC Level 1' rating which indicates that the
bank's capability with respect to wealth creation for all its stakeholders while
adopting sound corporate governance practices is the highest.
On May 23, 2008, the amalgamation of Centurion Bank of Punjab with KOTAK
MAHINDRA BANK was formally approved by Reserve Bank of India to complete the
statutory and regulatory approval process. As per the scheme of amalgamation,
shareholders of CBoP received 1 share of KOTAK MAHINDRA BANK for every 29
shares of CBoP.
The merged entity will have a strong deposit base of around Rs. 1,22,000 crore and
net advances of around Rs. 89,000 crore. The balance sheet size of the combined
entity would be over Rs. 1,63,000 crore. The amalgamation added significant value
to KOTAK MAHINDRA BANK in terms of increased branch network, geographic reach,
and customer base, and a bigger pool of skilled manpower.
In a milestone transaction in the Indian banking industry, Times Bank Limited
(another new private sector bank promoted by Bennett, Coleman & Co. / Times
Group) was merged with KOTAK MAHINDRA BANK Ltd., effective February 26, 2000.
This was the first merger of two private banks in the New Generation Private Sector
Banks. As per the scheme of amalgamation approved by the shareholders of both
banks and the Reserve Bank of India, shareholders of Times Bank received 1 share
of KOTAK MAHINDRA BANK for every 5.75 shares of Times Bank.

KOTAK MAHINDRA BANK Ltd. (BSE: 500180, NYSE: HDB) is a commercial bank
of India, incorporated in August 1994, after the Reserve Bank of India allowed
establishing private sector banks. The Bank was promoted by the Housing
Development Finance Corporation, a premier housing finance company (set up in
1977) of India. KOTAK MAHINDRA BANK has 1,412 branches and over 3,295 ATMs, in
528 cities in India, and all branches of the bank are linked on an online real-time
basis. As of September 30, 2008 the bank had total assets of INR 1006.82 billion.
For the fiscal year 2008-09, the bank has reported net profit of Rs.2,244.9 crore, up
41% from the previous fiscal. Total annual earnings of the bank increased by 58%
reaching at Rs.19,622.8 crore in 2008-09.

Business Focus:
KOTAK MAHINDRA BANK deals with three key business segments - Wholesale
Banking Services, Retail Banking Services, Treasury. It has entered the banking
consortia of over 50 corporates for providing working capital finance, trade services,
corporate finance and merchant banking. It is also providing sophisticated product
structures in areas of foreign exchange and derivatives, money markets and debt
trading and equity research.

Distribution Network:
KOTAK MAHINDRA BANK is headquartered in Mumbai. The Bank has an network of
1,725 branches spread in 771 cities across India. All branches are linked on an
online real-time basis. Customers in over 500 locations are also serviced through
Telephone Banking. The Bank has a presence in all major industrial and commercial
centres across the country. Being a clearing/settlement bank to various leading
stock exchanges, the Bank has branches in the centres where the NSE/BSE have a
strong and active member base.
The Bank also has 3,898 networked ATMs across these cities. Moreover, KOTAK
MAHINDRA BANK Bank's ATM network can be accessed by all domestic and

international Visa/MasterCard, Visa Electron/Maestro, Plus/Cirrus and American

Express Credit/Charge cardholders.

Housing Development Finance Corporation Limited or KOTAK MAHINDRA BANK

(BSE: 500010), founded 1977 by Ravi Maurya and Hasmukhbhai Parekh, is an Indian NBFC,
focusing on home mortgages. KOTAK MAHINDRA BANK's distribution network spans 243
outlets that include 49 offices of KOTAK MAHINDRA BANK's distribution company, KOTAK
MAHINDRA BANK Sales Private Limited. In addition, KOTAK MAHINDRA BANK covers
over 90 locations through its outreach programmes. KOTAK MAHINDRA BANK's marketing
efforts continue to be concentrated on developing a stronger distribution network.
Home loans are also Shacked through KOTAK MAHINDRA BANK Sales, KOTAK
MAHINDRA BANK Limited and other third party Direct Selling Agents (DSA).
To cater to non-resident Indians, KOTAK MAHINDRA BANK has an office in London and
Dubai and service associates in Kuwait, Oman, Qatar, Sharjah, Abu Dhabi, Al Khobar, Jeddah
and Riyadh in Saudi Arabia
AWARDS
2010
Euromoney Private Banking 1) Best Local Bank in India (second year in a row)
and Wealth Management Poll Best Private Banking Services overall (moved up from
2010

No. 2 last year)

Financial Insights Innovation Innovation in Branch Operations - Server Consolidation

Awards 2010

Project

Global Finance Award

Best Trade Finance Provider in India for 2010

Banking

Technology 1) Best Risk Management Initiative and 2) Best Use of

Awards 2009
SPJIMR

Marketing

Business Intelligence.
Impact 2nd Prize

Awards (SMIA) 2010

Business

Today

Best Listed in top 10 Best Employers in the country

Employer Survey

2009
Business

India Mr. Aditya Puri, MD, KOTAK MAHINDRA BANK

Businessman of the Year

Award for 2009.
Business world Best Bank Most Tech-savvy Bank
Awards 2009
Outlook

Money

NDTV Best Bank

Profit Awards 2009

Forbes Asia

Fab 50 Companies in Asia Pacific

GQ India's Man of the Mr. Aditya Puri, MD, KOTAK MAHINDRA BANK
Year (Business)
UTI

MF-CNBC

TV18 Best Performing Bank

Financial Advisor Awards

2009
Wall Street Journal survey Our Bank among India's 10 Most Admired Companies
of

Asia's

Best

200

Companies 2009
Rated 3rd Best in terms of Financial Reputation
Business Standard Best Mr. Aditya Puri, MD, KOTAK MAHINDRA BANK
Banker Award
Fe

Best

Bank

Awards - Best Innovator of the year award for

our MD Mr.

2009

Aditya
-

Puri

Second

Best

Private

Bank

- Best in Strength and Soundness

Euromoney Awards 2009
Economic

Times

Equity

&

in

India

Award

Best Bank in India

Brand Most Trusted Brand - Runner Up

Nielsen

Research annual survey

2009
Asia Money 2009 Awards

Best Domestic Bank in India

IBA Banking Technology Best IT Governance Award - Runner up

Awards 2009
Global Finance Award
IDRBT

Best Trade Finance Bank in India for 2009

Banking Best IT Governance and Value Delivery

Technology

Excellence

Award 2008
Finance Asia magazine's

Mr.

Aditya

Puri

India's

Best

CEO

annual poll of Investors

and Analysts 2010

Our Bank is 3rd in 'Best managed Company'

category
Asian Banker Excellence Asian Banker Best Retail Bank in India Award 2009
in

Retail

Services

Financial