Incorporated in 1985 as Kotak Capital Management Finance Limited ,it changed its name to Kotak Mahindra Finance Limited in 1986. Finally, after getting approval from RBI( Reserve Bank of India) ,it changed its name to Kotak Mahindra Bank Limited and became first Indian company in the history to converted into a bank.

Kotak Mahindra Bank including Kotak Mahindra Capital, Kotak Mahindra Asset Management and Kotak Securities is one of India's most reputed financial organizations and leading player that offers complete financial solutions such as  car finance, broking, corporate banking, insurance, investment banking, retail lending, Loans and Borrowings, Savings  and others.The bank is headed by Mr. K.M. Gherda as Chairman and Mr. Uday Kotak as Executive Vice Chairman & Managing Director. Dr. Shankar Acharya is the chairman of board of Directors in the company . Its Headquarter is situated in Mumbai and bank is having its regional offices, franchises in across 300 cities in india and employs around about 17,100 people in its various businesses. At Present, the bank had 178 full-fledged branches and plans to open 100 branches during fiscal year 2009. It also has offices in London, New York, Dubai, San Francisco, Singapore and Mauritius.

Some of the well known brands from the group are:

• Insurance (Kotak Flexi Plan,  Kotak Premium Return Plan)   
• Mutual funds (Kotak Twin Advantage, Kotak Floater)

Kotak Mahindra Bank reported a phenomenal rise in its financial results for the quarter ended on March 31, 2008. During the quarter standalone net profit of the bank surged by 86 percent to Rs 69.21 crore as against Rs.37.26 crore  in the corresponding period last year i.e quarter ended on March 31, 2007 while operating profit of the bank in this time period  increases to Rs 415.12 crore from Rs 186.95 crore in the prior year quarter i.e quarter ended March 31, 2007. Net sales of the bank shot up by 76.12% to Rs 763.67 crore in quarter ended March 31, 2008 as against Rs 433.60 crores  in the corresponding  period last year. Total income of the bank during the quarter increased by 54% to Rs.803.02 crores from Rs.521.07 crores in the corresponding quarter last year while expenditure of the bank during this time period increases from Rs 246.65 crores to Rs 348.55 crores.

              

As Far as Yearly Results are concerned, standalone net profit of the bank increases by 108 percent to Rs 293.93 crore for the year ended March 31, 2008 from Rs 141.37 crore in the previous fiscal i.e 2006-07. Net Sales of the bank for the year ended on March 31, 2008 were recorded as Rs 2535.37 crore as against Rs 1354.10 crore in last financial year while total income during the year surges to Rs 2998.83 crore as against Rs 1637.76 crore in the previous year that is year ended March 31,2007.      

On a Consolidated basis, Kotak Mahindra announced a net profit of Rs 240 crore in the quarter ended March 31,2008 as against Rs 170.33 crore in same period of last year registering a 41 per cent growth over the corresponding period a year-ago. The consolidated total income rose by 31 percent to Rs 1,863 crore for the fourth quarter from Rs 1,423 crore in the year-ago period. The bank registers a 32 percent increase in earnings per share, to Rs .6.86 from Rs.5.18 in the quarter ended March 2007.Consolidated total deposits of the bank increased by 42 percent to Rs 13691.90 crore at the end of quarter i.e March 31, 2008 from Rs 9661.00 crore last year i.e quarter ended March 31, 2007, while advances grew by 41% to Rs 21984.70 crore from Rs 15573.40 crore.