Kotak Mahindra Bank plans to increase branches to 600 plus

Tags: News
Private sector Kotak Mahindra Bank will increase the number of branches to more than 600 during the current fiscal, an official of the bank said.

"Presently, the bank has 503 branches, out of which 76 are rural and 119 semi-urban. The number will be 600 plus by the end of the current fiscal," executive VP and Head (branch banking) Mahesh Balasubramanian said.

Out of the 600 odd branches, 45 per cent of them would be in the rural and semi-urban areas, he told reporters here today at the launch of `Kotak Samridhi' scheme for milk producers in West Bengal.

He said that the bank's CASA ratio was 29 per cent and the year-on-year growth was 25 per cent.

Talking about financial inclusion, he said that the bank had covered 913 villages either through branches and business correspondent (BC) model.

On Kotak Samridhi, executive VP of Kotak Mahindra Bank Tushar Trivedi said that the bank had tied up with Amul for extending FI to the milk producers in the state.

Initially, the programme would be limited to Burdwan and Hooghly districts involving 10,000 milk producers.

The bank has tied up with National Payments Corporation of India, he added.

Post new comment

E-mail ID will not be published
This question is for testing whether you are a human visitor and to prevent automated spam submissions.


  • The economic survey falls in step with the BJP’s election manifesto

    It’s always tough to find something wrong with the annual economic survey as it only articulates the government’s desire to set its house in order


Stay informed on our latest news!


GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India


Arun Nigavekar

Why higher education needs innovation

India is such a great country that it creates complexity ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...


William D. Green

Chairman & CEO, Accenture