KOTAK MAHINDRA BANK LIMITED Media Release
Kotak Mahindra Bank revises Base Rate downwards by 10bps 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 LimitedEstablished 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.
For more information, please visit the company's website at http://www.kotak.com/
For further information, please contact
Rohit Rao Kotak Mahindra Bank Phone: +91-22-6166-0001 rohit.rao@kotak.com | Jaydeep Raval Kotak Mahindra Bank Phone: +91-22-6166-0001 jaydeep.raval@kotak.com | Karan Datt Genesis Burson-Marsteller Mobile: +91-99206-05308 karan.datt@bm.com |
Kotak Mahindra Bank Limited published this content on 06 January 2017 and is solely responsible for the information contained herein.
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