Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank expects to grow its consumer banking business by 18% on the back of a robust service sector and improved asset quality. During the month ended September 30, 2014, the private sector lender registered 18% growth at Rs 18,308 crore in consumer banking segment compared to Rs 15,555 crore in the year-ago period. Within consumer banking, small business, personal loans and credit cards grew 29% to Rs 5,301 crore from Rs 4,099 crore a year ago. Meanwhile, home loans and loans against property rose 14% to Rs 12,894 crore from Rs 11,307 crore in the September 2013 quarter.

Kotak Mahindra Bank is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.