Kotak Mahindra Bank
Kotak Mahindra Bank is an Indian financial services company headquartered in Mumbai.
The bank was formed after Kotak Mahindra Finance received a banking license from the Reserve Bank of India in February 2003. This makes it the first non-banking finance company in India to convert into a ban In April 2015, ING Vysya Bank merged with Kotak Mahindra Bank, expanding its assets.
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.
Kotak Life launches AI-powered HR assistant
Kotak Life launches AI-powered HR assistant
Its chief human resources said it aims to modernise HR services.
Zurich Insurance to boost India workforce by 40%
This is equivalent to 600 employees.
Zurich Insurance bags majority stake in Kotak Mahindra General Insurance
Total consideration for the acquisition amounts to $670m.
Commentary
Ageing populations and rising mortality main concerns for life insurers and reinsurers