Kotak Mahindra Bank launches International Banking Unit in GIFT City

Kotak Mahindra Bank (KMB) has launched its International Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City), District Gandhinagar. The merger of ING Vysya Bank with KMB on April 1, 2015, significantly increased KMB’s network and assets in India, thereby cementing its position as India’s fourth largest private sector bank. Continuing with this growth trajectory, the launch of the IBU enhances KMB’s abilities to now offer foreign currency loans and deposits to corporates.

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.