Kotak Mahindra Bank targets to take branch count to 500
By Vaibhav Aggarwal
Feb 22, 2011
Print    Email    RSS   

Private sector lender, Kotak Mahindra Bank has indicated ambitions of increasing its branch count by another 200 in order to increase its penetration across the country over the next fiscal.

The bank had recently announced the aim of increasing NRI customer base in a bid to attract more high net worth individuals (HNIs).

Uday Kotak, vice-chairman & MD of the bank however clearly stated that the bank was not intending towards mass marketing strategy."It depends on how you define mass affluent. For us, we define mass affluent as anyone who has an annual household income of Rs 5 lakh compared to Rs 4.5 lakh when we started in 2003," he said.

The bank has recently entered into a strategic alliance with Japanese company Sumitomo for spreading investment banking operations in Japan. "The world is about alliances. Now, you don't need a joint venture partner, you need a network partner," commented Uday.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

BPLR or Base rate?? Which is better…?
Glittering Ways of Investing in Gold
Now, Do Banking on Social Media Sites
Loan upper limit increased for women
Bankers concerned on RBI loan recovery...

HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive