Kotak Mahindra opens 10 more branches
Private sector lender Kotak Mahindra Bank today opened 10 more branches across five states, taking its total branch network to 250 pan India.
The five states include Uttar Pradesh, Haryana, Rajasthan, Delhi and Maharashtra, the bank said in a statement released here.
With this, Kotak has now presence in three new states --UP, Rajasthan and Haryana.
"Expanding the branch network is an integral part of our consumer banking portfolio, which is aimed at increasing customer outreach and their convenience," Kotak Mahindra's executive vice-chairman and managing director Uday Kotak said.
Five of the ten branches opened today are in Mumbai and one each in Delhi, Gurgaon, Gorakhpur (UP), Neemrana (Rajasthan) and Mahendragarh (Haryana), it said.
Kotak has a customer base of over one lakh and has over 520 ATMs across 149 locations in the country.