KOTAK MAHINDRA BANK LIMITED Uday Kotak, Executive Vice Chairman and Managing Director, KMBL said, "We have agreed to take a significant minority stake in MCX. We are excited by the potential presented by the financial infrastructure space in the country and believe that an investment in MCX, with its significant franchise, will create long term value."
About Kotak Mahindra group
Established in 1985, the Kotak Mahindra group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank - Kotak Mahindra Bank Limited.
The consolidated balance sheet of Kotak Mahindra group is around Rs. 1.3 lakh crore and the consolidated net worth of the Group stands at Rs. 19,785 crore (approx US$ 3.3 billion) as on June 30, 2014. The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has a wide distribution network through branches and franchisees across India, and international offices in London, New York, Dubai, Abu Dhabi, Mauritius and Singapore. For more information, please visit the company's website at http://www.kotak.com/
For further information, please contact
Rohit Rao
Kotak Mahindra Bank Phone: +91-22-6166-0001 rohit.rao@kotak.com
Jaydeep Raval
Kotak Mahindra Bank Phone: +91-22-6166-0001 jaydeep.raval@kotak.com
Ketan Bondre
Genesis Burson-Marsteller Mobile: +91-98205-36572 ketan.bondre@bm.com
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