Mumbai, January 6, 2017: Kotak Mahindra Bank
has revised its Base Rate downward by 10bps to 9.30% p.a. with effect from
January 6, 2017.
About Kotak Mahindra Bank Limited
Established
in 1985, Kotak Mahindra Group is one of India's leading financial services
conglomerates. In February 2003, Kotak Mahindra Finance Ltd., the Group's
flagship company, received banking license from the Reserve Bank of India,
becoming the first non-banking finance company in India to convert into a bank
- Kotak Mahindra Bank Ltd.
Effective
April 1, 2015, ING Vysya Bank Ltd. merged with Kotak Mahindra Bank Ltd. As on
September 30, 2016, Kotak Mahindra Bank Ltd. has a national footprint of 1,336
branches and 2,044 ATMs spread across 702 locations.
The
Bank has four Strategic Business Units – Consumer Banking, Corporate Banking,
Commercial Banking and Treasury, which cater to retail and corporate customers
across urban and rural India.