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Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. [6] As of December 2023, the bank has 1,869 branches and 3,239 ATMs, including branches in GIFT City and DIFC ...
Uday Kotak. Uday Suresh Kotak (born 15 March 1959) is an Indian banker and Founder of Kotak Mahindra Bank, where he is a non-executive director. In the early 1980s, while India was still a closed economy and economic growth was slow, Kotak decided to start on his own, refusing a lucrative job option from a multinational. [2]
National Automated Clearing House, introduced by National Payments Corporation of India, is a centralised clearing service that aims at providing interbank high volume, low value transactions that are repetitive and periodic in nature. Offering credit and debit service to corporates, banks, and financial institutions, the service, aimed at integrating all regional ECS into one National Payment ...
The Kotak Mahindra Group was founded in 1985 as a provider of financial services. [8] [9] In February 2003, Kotak Mahindra Finance Ltd (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI) to conduct banking operations in the country and was renamed as Kotak Mahindra Bank, the parent company of Kotak Life Insurance. [10] The company started ...
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers access their bank accounts.
Motilal Oswal Financial Services Limited is an Indian financial services company offering a range of financial products and services. The company was founded by Motilal Oswal and Raamdeo Agrawal in 1987. [2] [3]
On 11 April 2016, Airtel Payments Bank became the first company to receive the Payments Bank license from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949. Airtel Payments Bank started with an 80:20 partnership between Bharti Airtel and Kotak Mahindra Bank. [7] [8]
HDFC Bank Limited (also known as HDFC) is an Indian banking and financial services company headquartered in Mumbai.It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024.
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