What is Kotak Mahindra Bank?

Kotak Mahindra Bank is a private sector Indian bank headquartered in Mumbai, offering a wide array of financial services including personal banking, corporate banking, wealth management, and investment banking.

What services does Kotak Mahindra Bank offer?

Kotak Bank provides a broad spectrum of services including savings and current accounts, various types of loans (home, personal, business), credit cards, debit cards, investment products (mutual funds, equities), insurance, and comprehensive digital banking solutions.

Is Kotak Mahindra Bank a private or public sector bank?

Kotak Mahindra Bank is a prominent private sector commercial bank in India. It began as Kotak Mahindra Finance Ltd in 1985 and was granted a banking license by the RBI in 2003.

What are some recent regulatory developments concerning Kotak Mahindra Bank?

The Reserve Bank of India (RBI) recently restricted Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and from issuing new credit cards, citing significant deficiencies in its IT systems and risk management.