Kotak Bank has 249 branches in Maharashtra spread over 19 districts of Ahmednagar, Akola, Amravati, Aurangabad, Beed, Bhandara, Buldhana, Chandrapur, Dhule, Gadchiroli, Gondia, Hingoli, Jalgaon, Jalna, Kolhapur, Latur, Mumbai, Nagpur, Nanded, Nandurbar, Nashik, Navi Mumbai, Osmanabad, Palghar, Parbhani, Pune, Raigad, Ratnagiri, Sangli, Satara, Sholapur, Sindudurg, Thane, Wardha, Washim, Yavatmal.
Mumbai district, with 83 branches has the largest number of Kotak Bank branches in Maharashtra followed by Nashik district with 28 branches and Nagpur district with 21.
District wise distribution of Kotak Bank branches in Maharashtra 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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27th Oct 16 Kotak Mahindra Bank net profit in second quarter rises by 43 percent, NPA reduces marginally
Kotak Mahindra Bank reported an increase in its net profit by 43 percent to Rs. 813 crore in the June to September quarter as compared to the net profit of Rs. 570 crore during the same corresponding period a year ago. The gross non performing assets are reduced to 2.49 percent in September as compared to 2.50 percent in June.
04th Oct 16 Kotak Mahindra Bank wins company of the year award in ET Awards for Corporate Excellence Awards
Kotak Mahindra Bank wins the Best Company of the year in ET Awards for Corporate Excellence Awards. The bank won three votes against two. The evolution of the bank remains interesting with services such as stock broking, insurance, currency trading and structured financial products. The latest resilient feather in its cap is the acquisition of ING Vysya, the Dutch Lender Indian Unit, in 2014.
30th Aug 16 RBI gives nod to CPPIB to double its holding in Kotak Mahindra Bank
RBI has allowed Canada Pension Plan Investment Board (CPPIB) to approximately double its share holding in Kotak Mahindra Bank. CPPIB previously holds 4.89 per cent in the bank which it had bought in many tranches. In this year, RBI has maintained the provision of seeking its prior consent if someone wants to increase shareholding/voting rights to 5% or more. Similarly, RBI continues to apply its fit and proper criterion for attainment of shareholding in a private bank beyond 5 per cent.
22nd Aug 16 Kotak Bank lowers home, business loan rates
Kotak Mahindra Bank has reduced interest rates on home loans and business loans as a part of its monsoon bonanza to capture the growing credit demand as economy revives. The new home loan rate is 9.35 percent per annum with interest rates on business loans/overdraft lower by up to 1 percent. The bank has also announced a 25 percent discount on the processing fees of these loans. The new rates are valid till September 10, 2016.
21st Jul 16 Kotak Mahindra Bank Q1FY17 profit jumps 4-fold
As per the results for Q1FY17, Kotak Mahindra Bank has reported a significant of 291 per cent in its Net Profit reported at Rs 742 crore. The Net Interest Income of the bank increased by 20 percent to reach Rs 1,919.10 crore as on 30th June 2016.
The asset quality of the bank weakened mildly in Q1FY17 as Gross NPAs rose sequentially to 2.50 percent compared to 2.36 per cent reported in March quarter
However, as per the bank, the profit numbers for current quarter are not comparable on a yoy basis, as there was some one-time costs reflected in the first quarter of last year arising from the merger with ING Vysya Bank, which took effect on April 1, 2015.