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Press Release Kotak Mahindra Bank formally inaugurates first branch in Chaibasa

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Press Release
Kotak Mahindra Bank formally inaugurates first branch in Chaibasa

Strengthens its presence in Jharkhand with 4th branch
Ranchi, July 15, 2011: Kotak Mahindra Bank (KMB) strengthened its presence in Jharkhand with the formal inauguration of its first branch in Chaibasa, located at Plot No. 2301 / 2302, Main Road, Sadar Bazaar, Chaibasa – 833201. This is KMB’s 4th branch in Jharkhand, after Ranchi, Jamshedpur and Dhanbad. Mr. Raj Kumar Agarwal, President of Chaibasa Chamber of Commerce and Industries formally inaugurated the branch in the presence of Mr. Rakesh S Sinha, Senior Vice President, Kotak Mahindra Bank.
Mr. Mahesh Balasubramanian, Executive Vice President, Kotak Mahindra Bank said, “We see immense opportunities in Chaibasa. Our branch in the city is in-line with our strategy of offering superior banking experience closer to the doorstep of our customers. This branch will add to customers’ convenience and our products and services will make banking a more pleasurable experience to all segments of our customers here.”
Through its network of branches, KMB offers Savings Accounts, Corporate Salary Accounts, Current Accounts, Term Deposits and investment products amongst other gamut of offerings.


About Kotak Mahindra Bank
Established in 1985, the Kotak Mahindra group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group's flagship company, received banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank - Kotak Mahindra Bank Ltd.
Kotak Mahindra Bank offers complete retail financial solutions for varied customer requirements. The Savings Account goes beyond the traditional role of savings and provides a range of services through a comprehensive suite of investment services and other transactional conveniences like Online Shopping, Bill Payments, ASBA, Netc@rd, ActivMoney (Automatic TD sweep-in and Sweep-out) etc. The Bank also offers an Investment Account where Mutual Fund investments are recorded and can be viewed in a consolidated fashion across fund houses & schemes. One can purchase, redeem, switch and even make systematic investments in Mutual Fund Schemes of over 20 Indian Mutual Fund houses. All this can be availed through Internet or phone banking services. The Bank also offers loan products such as Home Loans, Personal Loans, Commercial Vehicle Loans, etc. Keeping in mind the diverse needs of the Business Community, Kotak Mahindra Bank offers comprehensive business solutions that include Current Account, Trade Services, Cash Management Services and Credit facilities. Kotak Mahindra Bank has over 323 branches and over 726 ATMs spread across 184 locations in the country. The Bank has the products, the experience, the infrastructure and most importantly the commitment to deliver pragmatic, end-to-end solutions that really work.

For further information, please contact:

Rohit Rao

Kotak Mahindra Bank

Mobile:+91 9167930026

Jaydeep Raval

Kotak Mahindra Bank

Mobile: +91 9619866877

Twinkle Mayekar

Genesis Burson Marsteller

Mobile: +91 9833684933

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