Launches Retail Operations in Jamnagar

Jamnagar, December 15, 2009: Kotak Mahindra Bank, one of India's leading private bank, strengthened its presence In the state of Gujarat, with the inauguration of its new branch in Jamnagar. With this, Kotak Mahindra Bank has 45 branches in the state and 245 branches in the country.

Shri Parimalbhai Nathwani, Group President - Corporate Affairs Reliance Industries LTD and Member of Parliament - Rajya Sabha inaugurated the new branch located at "Sunidhi", Ground floor, P.N.Marg, Opposite St.Annes School, Jamnagar

Speaking on the occasion, KVS Manian, Group Head - Retail Liabilities and Branch Banking said, "Jamnagar is a fast developing region with its refineries and other small and medium enterprise industries. This brings immense opportunity for Kotak Mahindra bank to deepen its reach and consumer engagements in the region. We perceive the state of Gujarat as an important market in the overall growth plans of the Bank".

He added, "We offer our customers personalized investment advice and innovative products, aimed at increasing customer convenience, and 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. The bank already has branches in Vadodara, Ahmedabad, Surat and in other towns of Gujarat. Now, with our presence in Jamnagar, we can offer seamless banking convenience to all our customers in the region".

Kotak Mahindra Bank offers complete retail and financial solutions for varied customer requirements. The savings account goes beyond the traditional role of savings and provides a range of services through a comprehensive suite of investment services. All this can be availed through Internet or phone banking services. The Bank in addition offers the full range of loan products such as Personal Loans, Commercial Vehicle Loans etc. Keeping in mind the diverse needs of the Business Community Kotak Mahindra Bank offers comprehensive business solutions that includes Demat Account, Current Account, Trade Services, and Cash Management Service and Credit facilities. Branch timing will be 09:30 to 04:30 from Monday to Saturday.