Kotak Mahindra Bank Inaugurates Three New Branches in Punjab

Launches Retail Operations in Manimajra, Zirakpur and Patiala

Chandigarh, Chandigarh, India, Thursday, August 9, 2007 (Infomailers.com) ::
Kotak
Mahindra Bank, today inaugurated its very first branches in Manimajra,
Zirakpur and Patiala. With these launches, Kotak Mahindra Bank has
established its presence within major cities in Punjab with 12 branches. The Bank offers complete financial solutions for infinite customer needs.

Speaking on the occasion, Mr. KVS Manian, Group Head - Retail Liabilities and Branch Banking said,
“Punjab being one of the prosperous states in the country is a key
market for us and we see immense potential for growth and expansion
here .It is our second biggest market other than the Metro cities for
our branch banking operations. Given the tremendous growth, which
Punjab has seen over the years and it being tagged as the richest state
in the country the branch openings in Manimajra, Zirakpur and Patiala
hold special significance. We see immense potential in Punjab and view
Punjab as an important market in the overall growth plans of Kotak
Mahindra Bank. Branches are an integral part of our multi-channel
delivery platform as they act as a one-stop-shop for all our financial
products and play an important role in strengthening our relationships
with our customers. As part of our expansion plans, we will be
launching branches in Aapra, Nakodar and Sangrur
tomorrow. We will continue to offer customers Investment Advisory
Services and innovative product offerings, aimed at increasing customer
convenience. We are pleased to have reached this milestone in our quest
to service our fast growing customer base. We would be launching 2 more
branches in the coming months to strengthen our presence in the State.”

Kotak Mahindra Bank has 125 branches spread across 88 locations
in the country offering both traditional banking products and wealth
management services. The Bank plans to reach the 200th Branch mark by
mid next year.

Established in 1985, the Kotak Mahindra group has
been one of India’s most reputed financial organizations. 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 creates 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.

With
over 125 branches spread across 88 locations across the nation, we at
Kotak Mahindra Bank address the entire spectrum of financial needs for
individuals and corporates. We have the products, the experience, the
infrastructure and most importantly the commitment to deliver
pragmatic, end-to-end solutions that really work.


For further Information please contact:
Meenakshi Vijay
Kotak Mahindra Bank
Phon: +91 022 67595168
Mobile : 09833949961
E-mail: meenakshi.vijay@kotak.com

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