Kotak Bank Andhra Pradesh IFSC code, MICR code, Address

Kotak Bank branch details in Andhra Pradesh

Kotak Bank has 5 branches in Andhra Pradesh spread over 5 districts of Anantapur, Chittoor, Cuddapah, East Godavari, Guntur, Krishna, Kurnool, Nellore, Prakasam, Srikakulam, Vishakapatnam, Vizingaram, West Godavari.
East Godavari district, with 1 branches has the largest number of Kotak Bank branches in Andhra Pradesh

For IFSC Branch Details Click Here

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Home Loan
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Gold Loan
@ 11.00%*

Business Loan
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Loan Against Property
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Kotak Bank District wise branches

District wise distribution of Kotak Bank branches in Andhra Pradesh is as below. To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the district where the branch is located.

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Loan Amount	Cashback
Rs. 1 cr and above	Rs. 5,000
Rs. 75 lakh - less than Rs. 1 cr	Rs. 3,000
Rs. 50 lakh - less than Rs. 75 lakh	Rs. 2,000
Rs. 35 lakh - less than Rs. 50 lakh	Rs. 1,000
Rs. 20 lakh - less than Rs. 35 lakh	Rs. 500
Less than Rs. 20 lakh	Rs. 200

News - May 2017

2017-05-23 : Uday Kotak reduces stake in Kotak Bank to 29.79 per cent
Uday Kotak, head of Kotak Mahindra Bank has sold 18 million of the bank shares (1.8 crore) for Rs. 1,687 crore in order to lower his holding in the bank. The RBI has asked Kotak to lower his holding in the bank to 30 per cent by June 17, 20 per cent by December 18, and to 15 per cent by March 31, 2020.
2017-05-20 : Kotak Mahindra and IDFC Bank to give loans to the customers not having good CIBIL score
Kotak Mahindra and IDFC Bank together are planning to offer loans to those customers who do not have a good credit history or CIBIL score. For this purpose, banks are looking to develop new credit scoring model which is not based on the credit bureau scores.
2017-05-12 : Kotak Mahindra Bank board approves QIP at Rs. 913.24 per share
The bank’s board of directors has approved a qualified institutional placement (QIP) issue of Rs. 6.2 crore shares at a price per share of Rs. 913.24 to raise capital of about Rs.5,600 crore. The QIP issue is aimed at reducing the promoters’ stake in the bank to 15 per cent by March 2020. Currently, promoter holds 32 per cent in the bank which has to be bought down to 30 per cent by 30th June, 2017.
2017-05-03 : Kotak Mahindra Bank bets on ‘811’ to double its customer base in two years
Kotak Mahindra Bank has set an ambitious target of doubling its total customer base to 16 million as against 8 million in the next 18-24 months. The bank has further reported that the newly launched ‘811’ digital banking platform has received a good response from young banking customers and will act as a primary driver to achieve the bank’s target.
2017-04-28 : Kotak Mahindra Bank to buy out Old Mutual from insurance JV for $201 mn
Kotak Mahindra Bank Ltd has agreed to acquire UK partner Old Mutual plc’s 26 per cent stake in their life insurance joint venture for Rs. 1292.7 crore ($201 million) in cash. This deal will increase Kotak Mahindra Bank’s stake in Kotak Mahindra Old Mutual Life Insurance Ltd to 100 per cent.

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