Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank (Kotak), India's fourth largest private sector bank, has received Reserve Bank of India's (RBI) approval to set up its first branch in Dubai International Financial Centre (DIFC), Dubai.

The strategy behind launching a branch in DIFC is to access off-shore markets and improve capabilities in forex operations. Through this branch, the Bank will be able to raise off-shore deposits from Individuals and non-individuals and also offer off-shore asset products. It will also enable the Bank to participate in financing the increasing global trade flows with India, provide loans and develop a platform to build the Bank's syndication and structuring capabilities, thereby create a stronger franchise.

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.