Kotak Mahindra Bank has decided to concentrate on Kerala’s NRI population to boost its business in the state and it has enlarged its team size to chase the population. NRI contribution to the total deposit base of Kotak Mahindra Bank in Kerala is over one-third and the bank wants to take it to half in the next one year.
The bank aims 20-25% growth in Kerala’s customer base in the next one year, which currently has 20,000 customers. The bank, with five branches in the State, will add one more in the next 3-4 months.
