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Kotak Mahindra Bank Ltd - Stock Valuation and Financial Performance

BSE: 500247 | NSE: KOTAKBANK | Bank - Private | Large Cap

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Kotak Mahindra Bank Share Price

 ₹2,110.80 -15.20 -0.71%
as on 13-Jun'25 16:59

DeciZen - make an informed investing decision on Kotak Mahindra Bank

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Undervalued
Check 10 Yrs Valuation charts

3. Price Trend

Semi Strong
Check Price chart

Kotak Mahindra Bank stock performance -

PE Chart Key Ratios
mw4me loader
P/E Ratio (SA):
25.51
Market Cap:
4,19,685.4 Cr.
52-wk low:
1,679.1
52-wk high:
2,301.6

Is Kotak Mahindra Bank Ltd an attractive stock to invest in?

1. Is Kotak Mahindra Bank Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kotak Mahindra Bank Ltd is a good quality company.

2. Is Kotak Mahindra Bank Ltd undervalued or overvalued?

The key valuation ratios of Kotak Mahindra Bank Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Kotak Mahindra Bank Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kotak Mahindra Bank Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Kotak Mahindra Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kotak Mahindra Bank Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Net Interest Income (₹ Cr.)4,2246,9008,1269,53211,20613,50015,34016,81821,55225,99328,342
YoY Gr. Rt. %-63.4%17.8%17.3%17.6%20.5%13.6%9.6%28.2%20.6%-
Total Income11,74818,99621,17623,80128,54732,30231,84733,02541,33456,07264,338
YoY Gr. Rt. %-61.7%11.5%12.4%19.9%13.2%-1.4%3.7%25.2%35.7%-
Adj EPS (₹ ) 12.111.418.521.425.530.934.94354.969.182.7
YoY Gr. Rt. %--5.7%62.7%15.7%19%21.2%13.2%23%27.6%26%-
BVPS (₹ )91.6130.6150196.7222.1253.6319362.6417.6486.1589.2
YoY Gr. Rt. %-42.7%14.9%31.1%12.9%14.2%25.8%13.6%15.2%16.4%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)1.91.41.71.71.71.81.92.12.42.52
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)0.91.11.310.80.71.20.60.40.30.3
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)-----------

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Net Interest Income22.4%18.3%19.2%20.6%
Total Income19%14.5%20.8%35.7%
Adj EPS21.4%22.1%25.5%26%
BVPS20.4%17%15.1%16.4%
Share Price 12.5% 10.5% 6.7% 22.9%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Interest Earned / Total Income82.7386.2583.5882.9783.6983.3784.2881.8782.8681.6882.3
Margins To view Margins Colour Rating Guide click here ⓘ
NIM (%)4.23.843.83.73.94.24.14.64.54.1
Performance Ratios To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)14.11113.212.612.213.112.512.714.115.411.9
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)36.438.14450.852.556.260.560.752.845.5-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.40%

Total Income has increased 20.75 CAGR in last 3 years

Net Profit has increased 25.54 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is not so good in last 4 quarters

No data to display

Latest Financials - Kotak Mahindra Bank Ltd.

Standalone Consolidated
TTM EPS (₹) 82.7 111.3
TTM Sales (₹ Cr.) 52,920 65,669
BVPS (₹.) ⓘ 589.2 791.6
Reserves (₹ Cr.) ⓘ 1,16,152 1,56,401
P/BV ⓘ 3.58 2.67
PE ⓘ 25.51 18.97
From the Market
52 Week Low / High (₹) 1679.10 / 2301.55
All Time Low / High (₹) 0.64 / 2301.55
Market Cap (₹ Cr.) 4,19,685
Equity (₹ Cr.) 994.1
Face Value (₹) 5
Industry PE ⓘ 19.8

Management X-Ray of Kotak Mahindra Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Kotak Mahindra Bank

Event Update

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Analyst's Notes

Impact of RBI’s Restriction On Kotak Mahindra Bank - 25 Apr 2024

Details of RBI’s Restriction On Kotak Mahindra Bank

The Reserve Bank of India (RBI) on Wednesday directed Kotak Mahindra Bank to cease the issuance of fresh credit cards and the onboarding of new customers through its online and mobile banking channels, effective immediately. The bank was found to be lacking in IT risk and information security governance for two consecutive years.

The RBI also stated that it will review its restrictions following the completion of a comprehensive external audit, which the bank will commission with prior approval from the RBI.

Impact on Kotak Mahindra Bank

Credit card: Kotak has credit card market share of 5.8% (no. of cards) and spend market share of ~4%. No. of credit cards are growing at 21% YoY, and credit card book has grown at 33% CAGR post Covid to Rs 13,882 crore. The credit card portfolio of the bank constituted 3.7% of advances. 

Digital Lending: Kotak has lower branch network compared to other larger private banking peers & high reliance on online channels for new retail customer acquisition. 

In FY 2022-23, 72% of new Savings account were acquired by Kotak811 (digital) and over 50% of Credit Cards, Unsecured Loan, Trading Accounts and Recurring Deposits were cross sold to Kotak811 customers.

In the quarter ended December 2023, Kotak Mahindra Bank disbursed around 95% of new personal loans by volume and 99% of new credit cards digitally. Additionally, 79% of new business loans and 90% of new investment accounts were processed digitally. Furthermore, 76% of Fixed Deposit or Recurring Deposit Accounts were opened online.

The RBI action impacts its incremental growth of taking new customers digitally but not the existing offline growth. With unsecured lending, especially credit cards, becoming key focus areas of most banks, Kotak Mahindra Bank will lose the opportunity to add the high-yield and growing product to its overall mix. 

 

 

Kotak Mahindra Bank: Q4FY23 Result Update - 05 May 2023

Advances grew by 17.9% YoY to 3.2 lakh Cr, deposits grew by 16.5% YoYto 3.6 lakh Cr, with CASA ratio at 52.8%.. Net Interest Income (NII) rose by 35% YoY and 8% QoQ to 6102 Cr. Net Interest Margin (NIM) for Q4FY23 was at 5.75% against 4.78% in Q4FY22.GNPA and NNPA stood at 1.78% and 0.37%. PAT grew 26.3% YoY, 25.2% QoQ to 3495 Cr.

Good results on account of loan book growth and NIM expansion.

 

Kotak Mahindra Bank Ltd: Q3FY23 Result Update - 30 Jan 2023

Kotak MahindraBank Ltd
Market Cap 340,614Cr
CMP 1715
P/B 3.52

Results

(INR Cr)

YoY

Comments

Advances

310,734

22.9%

Driven by growth in retail and SME loan book

Net Interest Income

5,653

30.4%

NIM expanded by 0.85% to 5.47%

Net Profit

2,792

31.0%

Aided by reversal of covid provisions of 38 Cr, and 54% increase in other income

 

Click here for 10 year X-ray

Key Highlights –

·        Home Loans (28% of advances) grew by 29.4%, Retail Microfinance (1.7% of advances) grew by 121% , Credit Cards (2.9% of advances) grew by 85%, while SME (7.5% of advances) grew by 25%.

·        GNPA & NNPA at 1.9% and 0.43% vs. 2.71% and 0.79% in Q3 FY22.

·        CASA ratio declined by 6.6% to 53.3%. Due to higher increase of 22% in term deposits, while fixed saving deposits declining by 1%.

·        Profit from subsidiaries at 1203 Cr.

 

Management Outlook-

·         Management guided on increasing mix of unsecured retail side of assets to mid-teens in next 4-5 quarters.

·        Management guided on investing in technology and hire personnel to build digital franchise, leading to higher opex in coming quarters.

·        Management highlighted that NIM is expected to sustain at current levels by shifting the portfolio mix to a higher yielding advances.

Kotak Mahindra Bank: Quarterly result update - 07 May 2021

Kotak Mahindra Bank | Market Cap: Rs 355,469 Cr

CMP 1794 | P/E 32x FY22

Recommendation | HOLD

Results: Kotak Mahindra Bank reported Net Interest income growth of 8% and deposit growth of 6.6% year on year. Loan book grew 2% year on year, yet another quarter of disappointment for a stock factoring high growth in valuation.

Click here to check 10 Year X-ray of Kotak Mahindra Bank

Key Highlights:

  • Corporate loans declined 8% year on year while overall loans remained flat. Home loans grew 15% over previous year.
  • Pre-provisioning operating profit grew by 25% year on year due to lower cost of funds and higher fee income. CASA now stands at 60% versus sub-45% for the industry, big positive for net interest margins and Return on Assets.
  • Asset quality deteriorated as Gross NPA increased to 3.3% versus 2.3% in the previous quarter and 2.3% in previous year.

Outlook: The management believes the growth will improve once lockdown is lifted. NPA are in control. Currently bank is taking a safer route to lend only secured loans like home loans. 

MoneyWorks4me Opinion: Kotak Mahindra Bank has been lagging peers in growth in loans since last several quarters. One can say it’s quite prudent move in scenario when there are some obvious risks in the economy. However, on the other hand there is enough market that’s available for grabs as mid/small PSU Banks are likely to lose market share at rapid pace. The risk in Kotak Mahindra Bank comes from valuation as it trades at premium to HDFC Bank for similar quality and lower growth rate.

Kotak Mahindra Bank is conservatively managed bank with above average growth and average profitability. KMB and HDFC Bank are the only two banks with Greenest of Green colour code. 

We remain optimistic that private banks have healthy growth prospects as they increase their market share from public sector banks and NBFCs. Large private sector banks have strong liability profile CASA & Retail deposits > 80-85% of total liability. Wide distribution and superior technology will ensure they capture credit growth in the economy. We believe large private banks are now replicating HDFC Bank business model of right mix of consumer and corporate loans. This has made their business model more predictable and steady versus past. We are positive on all large cap banks including ICICI, Axis Bank for next 5 years. Every price correction is a buying opportunity for long term.

You may invest in Kotak Mahindra Bank closer to its MRP (1200-1300/sh) in place of one of our financials recommendations. Please ensure you do not exceed 20-25% of total portfolio in financials.

* Net Interest Income- Total interest earned by the bank on lent amount minus Total interest that it expended on its deposits.

**CASA- Current Account Saving Account is essentially the lowest cost funds that are available to the bank to lend. More the CASA, higher the amount of fund the bank can lend and earn interest on it.

 

 

Kotak Mahindra Bank: Quarterly Result Update - 27 Jan 2021

 Kotak Mahindra Bank | Market Cap: Rs 355,469 Cr

CMP 1794 | P/E 32x FY22

Recommendation | HOLD

Results: Kotak Mahindra Bank reported Net Interest income growth of 17% and deposit growth of 11% year on year. Loan book were flat year on year, yet another quarter of disappointment for a stock factoring high growth in valuation.

Click here to check 10 Year X-ray of Kotak Mahindra Bank

Key Highlights:

  • Secured loans have grown 9% year on year while overall loans remained flat.
  • Pre-provisioning operating profit grew by 29% year on year due to lower cost of funds. CASA now stands at 59% versus sub45% for the industry, big positive for net interest margins and Return on Assets.
  • Optically asset quality improved as Gross NPA was at 2.26% versus 2.46% in the previous year and 2.55% in previous quarter.
  • If the SC orders were not considered, the GNPA number would have been 3.3% primarily from business loans, credit card and Commercial vehicles.

Outlook: . The management believes the growth will improve due to improving economic activity. Collections and disbursement has reached pre-covid levels. Elevated NPAs are largely behind and expect moderation. Restructuring is expected to be lower than the industry. This bodes well for future profitability and growth.

MoneyWorks4me Opinion:Kotak Mahindra Bank has been lagging peers in growth in loans since last several quarters. One can say it’s quite prudent move in scenario when there are some obvious risks in the economy. However, on the other hand there is enough market that’s available for grabs as mid/small PSU Banks are likely to lose market share at rapid pace. The risk in Kotak Mahindra Bank comes from valuation as it trades at premium to HDFC Bank for similar quality and lower growth rate.

Kotak Mahindra Bank is conservatively managed bank with above average growth and average profitability. KMB and HDFC Bank are the only two banks with Greenest of Green colour code. We remain optimistic that private banks have healthy growth prospects as they increase their market share from public sector banks and NBFCs. Large private sector banks have strong liability profile CASA & Retail deposits > 80-85% of total liability. Wide distribution and superior technology will ensure they capture credit growth in the economy. Currently we find other private sector banks are attractively priced while KMB is above our fair price.

You may invest in Kotak Mahindra Bank closer to its MRP (1200-1300/sh) in place of one of our financials recommendations. Please ensure you do not exceed 20-25% of total portfolio in financials.

* Net Interest Income- Total interest earned by the bank on lent amount minus Total interest that it expended on its deposits.

**CASA- Current Account Saving Account is essentially the lowest cost funds that are available to the bank to lend. More the CASA, higher the amount of fund the bank can lend and earn interest on it.

 

Kotak Mahindra Bank: Quarterly Result update - 27 Oct 2020

Kotak Mahindra Bank | Market Cap: Rs. 2,80,000 Cr

CMP 1416 | P/E 25x FY21; P/B 3.5x FY21

Recommendation | Hold

Click here for 10 year X-ray

Results: Kotak Mahindra Bank reported 17% growth in net interest income and 18% growth in other income. Loan growth was -4% over previous year while deposits grew 12.2% year on  year. Current CASA is at 57%, highest in the industry thanks to attractive savings interest rate offering.

Key highlights:

  • Net interest income grew by falling savings and deposit interest rate. Other income growth were mostly from treasury gains, while fee income was lower by 10% year on year.
  • Operating expenses were 38% of total income while provisions were lower at Rs. 370 Cr versus ~Rs. 1000 Cr in last two quarters
  • Gross NPA & Net NPA is in the range of 2.7% and 0.7%
  • Leverage remains lower than peers while ROA is 1.8% at par with HDFC Bank

Outlook: KMB’s management is focusing on client acquisition on asset side in non-urban areas as the pick-up is better. Overall cautious stance on wholesale loans and focus on collection. It expects NPA to remain controlled. Current provision coverage ratio is 76%, to support balance sheet well.

MoneyWorks4me Opinion: Kotak Mahindra Bank is conservatively managed bank with above average growth and average profitability. KMB and HDFC Bank are the only two banks with Greenest of Green colour code. We remain optimistic that private banks have healthy growth prospects as they increase their market share from public sector banks and NBFCs. Large private sector banks have strong liability profile CASA & Retail deposits > 80-85% of total liability. Wide distribution and superior technology will ensure they capture credit growth in the economy. Currently we find other private sector banks are attractively priced while KMB is above our fair price.

View All Notes

Key Ratios of Kotak Mahindra Bank

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income 11,74818,99621,17623,80128,54732,30231,84733,02541,33456,072
Interest Income 9,72016,38417,69919,74823,89026,93026,84027,03934,25145,799
Other Income ⓘ 2,0282,6123,4774,0524,6575,3725,0075,9867,08310,273
Expenditure 9,88216,90717,76519,71623,68226,35524,88224,45230,39542,290
Interest Expense 5,4969,4849,57310,21712,68413,43011,50110,22112,69919,806
Operating Expenses 3,2555,4725,6186,4267,5158,8518,58410,75313,78716,679
Provisions1,1311,9512,5733,0743,4834,0744,7973,4783,9095,806
Profit Before Tax2,8333,1245,1486,2187,3867,8059,30311,36114,39118,014
Taxes 9671,0341,7372,1342,5201,8572,3382,7893,4524,232
Profit After Tax 1,8662,0903,4114,0844,8655,9476,9658,57310,93913,782
Adjusted EPS (₹)12.0811.3918.5321.4325.4930.8834.9442.9954.8669.13
Dividend Payout Ratio (%)4%4%3%3%3%0%3%3%3%3%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Share Capital ⓘ 3869179209531,4541,4571,4911,4921,493994
Total Reserves ⓘ 13,75523,04226,69636,52941,44447,55962,23670,96481,96795,646
Minority Interest0000000000
Deposits74,8601,38,6431,57,4261,92,6432,25,8802,62,8212,80,1003,11,6843,63,0964,48,954
Borrowings ⓘ 12,15020,97521,09525,15432,24837,99323,65125,96723,41628,368
Other Liabilities 4,8618,6828,4539,65411,14510,42315,99219,32119,89026,396
Total Liabilities ⓘ 1,06,0121,92,2602,14,5902,64,9333,12,1723,60,2523,83,4704,29,4284,89,8636,00,357

Assets

Balance with RBI 3,9286,9037,4928,90910,8789,50512,49436,02619,96636,252
Balance with Banks2,3343,97615,08010,71213,79843,78727,1336,89812,57716,536
Investments ⓘ 28,65951,26045,07464,56271,18975,0521,05,0991,00,5801,21,4041,55,404
Advances 66,1611,18,6651,36,0821,69,7182,05,6952,19,7482,23,6702,71,2543,19,8613,76,075
Net Block ⓘ 1,2071,5521,5381,5271,6521,6231,5351,6441,9202,155
Other Assets3,7239,9039,3249,5068,96110,53713,53913,02714,13513,934
Total Assets ⓘ 1,06,0121,92,2602,14,5902,64,9333,12,1723,60,2523,83,4704,29,4284,89,8636,00,357

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 4,4636,13414,412-10,275-3,38830,159-5,2982,161-8,36913,901
Cash Flow From Investing Activity ⓘ -3,454-6,363-2,972-2,515798-7,454-1,769-1,3354912,022
Cash Flow From Financing Activity ⓘ -727-1,4642579,8377,6335,883-6,5862,456-2,5424,314
Net Cash Flow ⓘ 282-1,69311,697-2,9535,04328,588-13,6533,282-10,42020,237

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios
EPS (₹)24111921253135435569
DPS (₹)1111101122
BVPS (₹)183131150197222254319363418486

Margin Ratios

Yield on Advances (%)14.713.813.011.611.612.312.010.010.712.2
Yield on Investments (%)8.57.29.26.46.97.76.86.74.75.4
Cost of Liabilities (%)6.35.95.44.74.94.53.83.03.34.2
NIM (%)4.23.84.03.83.73.94.24.14.64.5
Interest Spread (%)8.47.97.67.06.77.88.26.97.48.0

Performance Ratios

ROA (%)1.91.41.71.71.71.81.92.12.42.5
ROE (%)14.111.013.212.612.213.112.512.714.115.4
ROCE (%)14.613.313.913.513.211.312.313.214.916.8

Efficiency Ratios

Cost to Income Ratio (%)52.157.548.447.347.446.942.247.248.246.0
Operating Costs to Assets (%)3.12.92.62.42.42.52.22.52.82.8

Valuation Parameters

Price/Book(x)7.25.25.85.36.05.15.54.84.23.7

Kotak Mahindra Bank Ltd Stock News

Kotak Mahindra Bank Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kotak Mahindra Bank on 13-Jun-2025 16:59 is ₹2,110.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Jun-2025 16:59 the market cap of Kotak Mahindra Bank stood at ₹4,19,685.4.
The latest P/E ratio of Kotak Mahindra Bank as of 13-Jun-2025 16:59 is 25.51.
The latest P/B ratio of Kotak Mahindra Bank as of 13-Jun-2025 16:59 is 3.58.
The 52-week high of Kotak Mahindra Bank is ₹2,301.6 and the 52-week low is ₹1,679.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kotak Mahindra Bank is ₹52,920 ( Cr.) .

About Kotak Mahindra Bank Ltd

Established in 1985, the Kotak Mahindra group has been one of India's most reputed financial conglomerates. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). This approval created banking history since Kotak Mahindra Finance Ltd. is the first non-banking finance company in India to convert itself in to a bank as Kotak Mahindra Bank Ltd. Today, the bank is one of the fastest growing bank and among the most admired financial institutions in India.

Business area of the company:

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.

Awards

2012-2013

  • Best Managed Board by Aon Hewitt-Mint Study 2012
  • Best Bank Award in New Private Sector Bank category by Financial Express
  • Uday Kotak, Executive Vice President and Managing Director received the Special Award for his contribution in the growth of India's equity markets at India's Best Market Analyst Awards 2012 by Zee Business
  • New Indian Express Group conferred Uday Kotak with the Runner-up award for Best Banker -Growth and Expansion at The Sunday Standard FINWIZ 2012 Best Bankers' Awards
  • Among Forbes Asia's 'FAB 50' list in 2012 for the 3rd consecutive year
  • Rated among the Top 25 Best Employers in India for three consecutive studies conducted since 2007 by Aon Hewit
  • Recognised among the Top 10 Companies for Leaders to Work, in Asia Pacific, in a study conducted by RBL Group, Aon Hewitt and Fortune in 2011
  • CFONEXT 100 Awards recognised the following among top 100 professionals to stand out as CFOs in the years to come:
  • R. Krishnan, Kotak Mahindra Asset Management Company

2013-2014

  • Uday Kotak - Ernst & Young Entrepreneur of The Year India Award
  • Best Medium Sized Bank of the Year Award by Businessworld
  • Best Bank - Emerging Banks by Outlook Money
  • Ranked among top 5 Best Ranked Companies for Corporate Governance Practices in IR Global Ranking
  • NSDL (National Securities Depository Limited) award in Best Performer in Account Growth Rate Category 2013, for Demat Accounts
  • Kotak Junior ad film adjudged Best Banking Ad Worldwide 2013, by Bank Innovation - a leading global blog on banking
  • EMC Transformers Award 2013 for Innovative implementation of storage technologies in the Bank
  • Green IT Enterprise Award 2013 by CIO Forum and Schneider Electric for various power saving techniques implemented in Data Center. Kotak Mahindra Bank was amongst the Top 10 in the 'Top 10 Large Enterprises' category

2014-2015

  • Best Prepaid Card Programme' at Financial Inclusion & Payments System (FIPS) 2014 for Kotak Samruddhi
  • 9th most valuable brand in India in the BrandZ's 50 most valuable Indian brands ranking
  • Best Local Cash Management Bank in India (6th year in a row) in the Asiamoney Cash Management Poll 2014 (For small and medium enterprises)
  • Excellence in Security under 'Security in Bank' category at the Data Security Council of India Excellence Awards 2014
  • Amit Jain (KMBL), Gaurav Sarayan (KMBL) and Prateek Diwan (KMCC) - Among the top 37 talented people in The Economic Times Young Leaders List, selected from across some 20000 executives

2015-2016

  • Bullion Bank of the Year at the 4th India Bullion and Jewellery Awards 2016 by India Bullion and Jewellers Association (IBJA)
  • BFSI Digital Innovators Award in the Digital Pioneer category for Kotak Bharat App by Financial Express
  • Bombay Stock Exchange (BSE) recognised Kotak Mahindra Bank on the occasion of Muhurat Trading as one of the top 3 Performers in Primary Market Segment (Debt Public Issue Bids - Banks) (FY 15-16)
  • Best Local Cash Management Bank in India in the mid-cap space at Asiamoney Cash Management Poll 2016
  • Runner-up in the New Private Sector Bank 2014-15 category at FE Best Bank's Awards, awarded in 2017
  • Kotak Mahindra Bank's Annual Report for FY2015-16 announced as Gold Competition Class Winner at LACP Vision Awards - Winter 2017 session in the Commercial Banks category

2016-2017

  • Kotak 811 and biometric account opening recognised with an award at IBA's Banking Technology Awards 2018
  • 811 recognised with the Bronze Award in the Mobile App category at the 2017 SMARTIESTM APAC Awards
  • 811 recognised as the Best Corporate Innovation Award at India Fintech Forum 2017
  • 811 named as winner at the 6th Edition of Banking Frontiers' Finnoviti Awards 2018
  • Kotak Mahindra Bank's Annual Report for FY 2016-17 emerged as winner in Category II – Private Sector Banks by the Institution of Chartered Accountants of Indian (ICAI) at ICAI Awards for Excellence in Financial Reporting 2016-17
  • NetApp Innovation Award 2018 in the Enterprise Mobility Category

2019-2020

  • Kotak Mahindra Bank recognised as Best Domestic Bank at the AsiaMoney Best Bank Awards 2019: India
  • The Tata Mumbai Marathon 2019 Philanthropy Awards Nite recognised:
  • Kotak Mahindra Bank as the Highest Fund Raising Corporate  
  • KVS Manian, President -Corporate, Institutional and Investment Banking as the TMM Legend
  • Shanti Ekambaram, President - Consumer Banking as the Change Icon
  • Manish Kothari, Senior Executive Vice President & Business Head - Corporate Banking as the Change Champion.

Milestones

  • 1985: Kotak Mahindra Finance commences bill discounting business.
  • 1987: Entry into hire and purchase business.
  • 1990: Launch of auto finance division for financing passenger cars.
  • 1991: Investment banking division established.
  • 1995: Launch of KMCC, a joint venture with Goldman Sachs Group for investment banking.
  • 1996: Launch of Kotak Mahindra Primus Ltd. (now Kotak Mahindra Prime Ltd.), a joint venture with Ford Credit.
  • 1998: India’s first gilt fund launched through Kotak Mahindra Asset Management Company (KMAMC).
  • 2001: Launch of Kotak Mahindra old Mutual Life Insurance Ltd. in partnership with old Mutual PLC.
  • 2003: KMFL becomes India’s first non-banking finance company to be converted into a commercial bank.
  • 2004: Kotak Mahindra Group enters alternate asset business with the launch of a private equity fund.
  • 2005: The Kotak Mahindra Group realigns its joint venture with Ford Credit International (FCI). Under the realignment, the group gains complete ownership of Kotak Mahindra Prime (KMP) by acquiring the 40% stake previously held by FCI. At the same time, the group also sells its stake in Ford Credit Kotak Mahindra Ltd. (FCKM) to FCI, thereby giving Ford 100% ownership of the company.
  • 2006: Kotak Mahindra Group buys out Goldman Sach’s equity stack in KMCC and Kotak Securities Ltd.
  • 2008: Opening of bank’s representative office in Dubai.
  • 2009: Launch of pension fund under India's National Pension System (NPS).
  • 2014: Innovative solutions such as Jifi and KayPay launched for digital and social media.
  • 2014: Acquisition of 15% equity stake in Multi Commodity Exchange of India Ltd. (MCX).
  • 2015: RBI approves merger of ING Vysya Bank with Kotak Mahindra Bank effective from April 01, 2015.
  • 2015: Kotak Mahindra General Insurance receives IRDA Approval to commence insurance business.
  • 2016: Acquisition of 10,00,000 equity shares of institutional investor Advisory Services India Ltd.
  • 2016: Acquisition of 9,83,82,022 (19.90%) equity shares of Airtel M Commerce Services Ltd. Co.(AMSL).
  • 2017: Kotak Mahindra Bank acquires BSS Microfinance Private Ltd.
  • 2018: Buyout of 26% old Mutual plc UK (OM) stack in Kotak Mahindra Old Mutual Life Insurance Ltd.
  • 2018: Launch of Kotak Mahindra Debt Fund Ltd.
  • 2019: Kotak Mahindra Bank inks pact with TollPlus.
  • 2019: Kotak Mahindra Bank launches first international branch in Dubai.
  • 2019: InstantPay, one of India's largest inclusive and neo banking platform, has entered into a strategic partnership with Kotak Mahindra Bank’s subsidiary -- Kotak Mahindra Life Insurance Company.
  • 2019: Pine Labs partners with Kotak Mahindra Bank to enable EMIs on Kotak debit cards.
  • 2020: Kotak Mahindra Bank launches ‘ATM on Wheels’ facility in Mumbai.
  • 2020: Kotak Mahindra Bank launches 'ATM on Wheels' facility in Delhi-NCR region.
  • 2020: Kotak Mahindra Bank launches video-based KYC to open account remotely
  • 2020: Kotak Mahindra Bank collaborates with Innoviti Payment Solutions.
  • 2020: Kotak Mahindra Bank launches Cardless Cash Withdrawal Facility through ATMs.
  • 2020: Kotak Mahindra Bank launches Kotak Digi Home Loans.
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