New branch of Kotak Mahindra Bank in Gujarat

Ahmedabad, Jun 3 (UNI) Kotak Mahindra Bank, one of the leading private sector banks in the country, today announced the inauguration of its first full-fledged bank branch in the capital city of Gandhinagar.

The branch is located at Sector 16, GH Road, Gandhinagar, Gujarat. With this launch, Kotak Mahindra Bank has established its network in the state with a 33-branch presence. Apart from the bank, the Kotak Group has its presence spread across the state with over 62 branches in 34 locations and has around 1800 employees.

Commenting on the new branch, Kotak Mahindra Bank Limited Group-Head Retail Liabilities and Branch Banking KVS Manian said, ''Gujarat is one of the prosperous states in the country and a key market for us and we see immense potential for growth and expansion here.'' Mr Manian said ''We have always been focused on Gujarat as a state, in view of its excellent and long track record of good and progressive governance. The state has been long known for its entrepreneurial class of citizens and we believe we have built substantial expertise in understanding and servicing the needs of these customers. We are proud to have the largest investment in building a network in this state.'' ''Our growth story in Gujarat has been backed by enthusiastic support of our customers and now our presence in the capital city of Gandhinagar will enhance our capability to service the government and related segments better,'' he said.

''We will continue to offer customers personalised investment advice and innovative product offerings, which are aimed at increasing customer convenience. We are very pleased to have reached this milestone in our quest to service our fast growing customer base,'' Mr Manian said.

UNI MP GR SM1548