Kotak Mahindra Bank is expecting to achieve a credit growth of 20% in FY17. Last year, the bank witnessed 14-15% growth in the overall credit off-take. The Uday Kotak-led bank, which merged with ING Vysya Bank in an Rs 15,000 crore deal on April 1 last year, had posted a consolidated net profit of Rs 2,090 crore, in 2015-16, up from Rs 1,866 crore in the preceding fiscal.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
