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Kotak Mahindra Bank Limited (KOTAKBANK.NS)

NSE - NSE Real-time price. Currency in INR
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1,844.50+10.60 (+0.58%)
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Kotak Mahindra Bank Limited

Bandra Kurla Complex
27BKC, C 27 G Block Bandra (East)
Mumbai 400051
India
91 22 6166 0001
https://www.kotak.com

Sector(s)Financial Services
IndustryBanks—Regional
Full-time employees90,000

Key executives

NameTitlePayExercisedYear born
Mr. Uday Suresh Kotak B.Com, MMSMD, CEO, Member of Exec. Board & Director1N/A1959
Mr. Dipak Gupta PGDM – IIMJoint MD, Member of Exec. Board & Whole Time Director33.91MN/A1960
Mr. Krishnan Venkat SubramanianPres of Corp., Institutional & IB, Member of Exec. Board and Whole time Director39.46MN/A1962
Mr. Gaurang Balkrishna Shah ACA, ACS, AICWA, M.ComWhole Time Director39.52MN/A1961
Mr. Jaimin Mukund BhattGroup Pres, Group CFO & Member of Exec. BoardN/AN/AN/A
Mr. Arvind Kathpalia B.A., M.B.A.Pres, Group Chief Risk Officer & Member of Exec. BoardN/AN/A1958
Ms. Shanti EkambaramGroup Pres of Consumer Bank & Member of Exec. BoardN/AN/A1963
Mr. Devang C GheewallaPres & Chief of OperationsN/AN/AN/A
Mr. Devarajan KannanGroup Head of Commercial Banking & Member of Exec. BoardN/AN/AN/A
Mr. Mohan Narayan ShenoiMember of Exec. BoardN/AN/A1958
Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in INR.

Description

Kotak Mahindra Bank Limited, provides banking and financial services to corporate and individual customers in India. It operates through Treasury, BMU, and Corporate Centre; Retail Banking; Corporate/Wholesale Banking; Vehicle Financing; Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; and Insurance segments. The Treasury, BMU and Corporate Centre segment engages in money market, forex market, derivatives, and investments; and the primary dealership of government securities and balance sheet management unit (BMU) responsible for asset liability management. The Retail Banking segment offers commercial vehicle finance, personal, home, and other loans/services, and agriculture finance services. This segment also provides savings, current, and term deposit accounts; branch banking network and services, including distribution of financial products; and credit cards. The Corporate/Wholesale Banking segment offers wholesale borrowings and lending, and other related services to the corporate sector. The Vehicle Financing segment provides retail vehicle and wholesale trade finance to auto dealers. The Other Lending Activities segment offers financing against securities, securitization, and other loans/services. The Broking segment provides brokerage income on market transactions and delayed payments interest; and distributes financial products. The Advisory and Transactional Services segment offers mergers and acquisition advice, and equity/debt issue management services. The Asset Management segment engages in the management of funds and investments on behalf of clients and funds. The Insurance segment provides life insurance and general insurance products. As of March 31, 2022, it had a network of 1,700 branches and 2,705 ATMs; and branches in GIFT City and DIFC, Dubai. Kotak Mahindra Bank Limited was incorporated in 1985 and is headquartered in Mumbai, India.

Corporate governance

Kotak Mahindra Bank Limited’s ISS governance QualityScore as of 31 July 2022 is 6. The pillar scores are Audit: 3; Board: 2; Shareholder rights: 6; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.