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.
Zurich Insurance bags majority stake in Kotak Mahindra General Insurance
Total consideration for the acquisition amounts to $670m.
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
