Tag: Kotak Mahindra Bank

  • District by Zomato brings luxury to Kotak Solitaire

    District by Zomato brings luxury to Kotak Solitaire

    MUMBAI: Fine dining just got finer, and a little more exclusive. District by Zomato has teamed up with Kotak Mahindra Bank to offer Kotak Solitaire Credit Card holders a seat at India’s most coveted culinary tables.

    The partnership opens doors to extraordinary experiences curated by some of the world’s top chefs and mixologists. Think Himalayan air meeting Malaysian flair in Naar x Dewakan by chefs Prateek Sadhu and Darren Teoh, or the soulful Bhog Table experience by chef Auroni and Bengaluru Oota Company, each event crafted for those who treat dining as an art form.

    For Solitaire cardholders, the flavour of privilege continues long after dessert. They enjoy 20 per cent savings on dining via District (up to Rs 5,000 per bill, twice a month), priority access to India’s most sought-after restaurants, and Zomato Gold membership at just Rs 1.

    “At Kotak Solitaire, we believe true luxury lies in experiences that feel personal and effortless,” said Kotak Mahindra Bank executive vice president – head of affluent and salaried propositions Jyoti Samajpati. “For our clients, dining is not just a meal, but a celebration of taste, culture and identity.”

    A District by Zomato spokesperson added, “We’re not just creating events like the Naar x Michelin series, we’re building a movement to redefine India’s fine dining culture and make these collaborations more accessible.”

    Previously reserved for those with industry access or insider connections, such dining experiences are now discoverable through the District app. For Kotak’s elite, this is more than a card, it’s a golden ticket to a world where banking meets haute cuisine.

  • Comscore names Vivek Jaiswal APAC country head

    Comscore names Vivek Jaiswal APAC country head

    MUMBAI: Comscore has named Vivek Jaiswal as its new country manager for Asia-Pacific, as the global measurement and analytics firm sharpens its focus on the fast-growing region.

    Based in New Delhi, Jaiswal will steer cross-platform audience measurement, deepen partnerships with brands and publishers, and drive innovation across markets.

    Jaiswal, who joined Comscore in 2022 as sales director, brings over 12 years of experience spanning SaaS, business information services and enterprise sales. Before Comscore, he held commercial roles at Dun & Bradstreet, Standard Chartered, and Kotak Mahindra Bank.

    “It’s an honour to take on this new role,” said Jaiswal. “APAC is an incredibly dynamic market, and I look forward to helping clients make smarter, data-driven decisions.”

    Comscore executive vice president international Alejandro Fosk said Jaiswal’s appointment reflects the firm’s “continued commitment to the region” and its goal of offering “reliable, future-facing measurement solutions” in a changing media landscape.

    The move cements Comscore’s ambitions to strengthen its India and APAC footprint, arming advertisers, agencies and publishers with the insights they need to navigate an increasingly fragmented digital

  • Kotak banks on dentsu X for fresh media strategy across all platforms

    Kotak banks on dentsu X for fresh media strategy across all platforms

    MUMBAI: When Kotak Mahindra Group went shopping for a new media partner, Dentsu X India cashed in. After a tightly contested multi-agency pitch, the banking and financial services giant has handed over its integrated media mandate to Dentsu X, which will service the account from its Mumbai office.

    The win is no small deal Dentsu X will now drive the full-funnel media strategy for all of Kotak’s key businesses, including Kotak Mahindra Bank, Kotak Mutual Fund, Kotak Securities, and Kotak Life Insurance. The scope spans the big four channels television, print, radio, and digital branding ensuring the bank’s message cuts across audiences, platforms, and generations.

    Known for blending tech, culture, and data to reimagine customer experiences, Dentsu X promises to deliver “outcome-driven solutions” that accelerate Kotak’s marketing and business ambitions. With India’s banking sector doubling down on digital transformation, the collaboration aims to make finance not just accessible, but engaging for the country’s increasingly aspirational consumer base.

    Dentsu X India CEO Sujata Dwibedy, called the mandate a “strong testament” to the agency’s agility and integrated offering: “We are truly honoured to partner with a legacy brand like Kotak Mahindra Group. Our future-facing approach will help drive stronger visibility, engagement, and impact across platforms.”

    For Kotak, it’s more than just a media deal, it’s about banking on storytelling that resonates in an always-on, attention-fractured world.

  • Marketing maven climbs the Kotak ladder with promotional panache

    Marketing maven climbs the Kotak ladder with promotional panache

    MUMBAI: Kanchi Parekh has ascended to vice president marketing at Kotak Mahindra Bank, capping a three-year climb through the private banking heavyweight’s ranks. The April 2025 promotion marks another conquest in her decade-plus march through India’s most competitive financial services sector.

    Parekh’s CV reads like a masterclass in brand warfare. Her journey began at Peacock Media (2008-2010), cutting teeth on client management and retail campaigns. A stint at The Indian Express honed her event orchestration skills before the real breakthrough at DHFL, where she managed portfolios worth Rs 89-107 crores whilst delivering a jaw-dropping 458 per cent lift in enquiries and 1,377 per cent increase through direct CRM.

    At ItzCash Card, India’s pioneering prepaid card entity, she commanded Rs 6 crores across 65,000 franchisees. Her insurance sector mastery crystallised at Future Generali and HDFC ERGO, where she crafted “always-on” marketing strategies spanning retail, bancassurance, and digital channels. SBI General Insurance elevated her to team lead, polishing her multi-channel expertise.

    Kotak clearly spotted a thoroughbred when it hired Parekh as deputy vice president in February 2022. Her swift promotion suggests the investment paid handsome dividends. In an era of soaring customer acquisition costs, having a marketing strategist who navigates B2C and B2B2C channels with equal aplomb is worth its weight in rupees.

    Her skill set resembles a marketing Swiss Army knife: campaign management, digital strategy, public relations, employer branding, and analytics—all backed by proven agency management abilities. As India’s financial services sector digitises rapidly, Kotak appears to have secured a marketing general capable of commanding campaigns across every conceivable channel.

    For Parekh, vice president represents not just career progression, but validation of a strategy that’s seen her master every major financial vertical whilst building Mumbai’s most versatile marketing reputation.

  • Phonepe prepares for IPO, targets $15 billion valuation with top banks

    Phonepe prepares for IPO, targets $15 billion valuation with top banks

    MUMBAI: Phonepe is gearing up for its stock market debut, enlisting J.P. Morgan, Kotak Mahindra Bank, Morgan Stanley, and Citi to oversee its IPO. The fintech firm, backed by Walmart, is eyeing a valuation of up to $15 billion as it plans to list on Indian stock exchanges.

    Marking a decade in business, Phonepe has restructured its corporate framework, consolidating its various divisions into wholly owned subsidiaries. This strategic move, coupled with robust financial growth, positions the company favourably for public listing.

    Phonepe has reported over 70 per cent revenue growth in the past fiscal year while narrowing net losses and achieving an adjusted post-tax profit. A sharp focus on automation, operational efficiency, and cost management has reinforced its financial stability.

    With a strong user base and innovative digital solutions, Phonepe aims to sustain its strong position in India’s fintech space. As it advances towards the IPO, the company remains committed to scaling its business and driving long-term profitability in the evolving digital payments sector.

  • iPhone 16e arrives in India with A18 chip & big offers

    iPhone 16e arrives in India with A18 chip & big offers

    The iPhone 16e has arrived, and Ingram Micro is making sure it’s more accessible than ever. With breakthrough battery life, the blazing-fast A18 chip, and a powerful 48MP 2-in-1 camera system, Apple’s latest innovation is now available at 7,200 plus retail locations across India backed by exciting bank offers, exchange deals, and easy loan options.

    For those looking to snap up the iPhone 16e at a steal, Ingram Micro is rolling out a Rs 4,000 cashback offer on ICICI Bank, Kotak Mahindra Bank, and SBI credit cards (EMI and non-EMI), as well as ICICI debit card EMI transactions. Additionally, the iPhone for Life plan allows ICICI Bank credit card holders to pay 75 per cent of the device cost over 24 months, with the remaining 25 per cent payable at the end of the term.

    Customers opting for loan financing can choose from Bajaj Finance Ltd, HDFC Bank, HDB Financial, ICICI Bank, IDFC FIRST Bank, and TVS Credit, offering flexible EMI plans such as 13 per cent-0-21 (24/3) and 0-0-18 (18/0), along with short-term loan options. Exchange deals sweeten the deal further, with a bonus of up to Rs 6,000 available on transactions made through bank cards, loans, or the iPhone for Life programme.

  • Mahindra group hires Devendra Sharnagat as SVP- AI division

    Mahindra group hires Devendra Sharnagat as SVP- AI division

    MUMBAI: AI– especially it’s use to improve productivity and work flows –  is the juice that’s keeping organisations moving forward and invest in it greatly. The Mahindra group is not far behind. It recently appointed Devendra Sharnagat as the senior vice-president of the AI division. In this new role, he will oversee the centralised data and AI expertise pool, driving the group’s AI initiatives across various companies.

    Hitherto, he was the chief data & analytics officer at Mahindra Finance where  he was leading data and analytics function for the financial services sector and driving business effeciency and productivity through data and digital.

    He has spent a large part of his career at HDFC Bank (eight years) where he rose from being manager campaign management in the credit card division to deputy vice-president analytical marketing when he decided to quit and join Kotak Mahindra Bank. A 11-year stint there saw him rise from vice-president, head – BIU & customer value management to senior executive vice-presdent – head of data and analytics. He then made a lateral move in the Mahindra  group to Mahindra Finance.

    Sharnagat is well  wired for the job.  Apart from  his work experience, he holds a master’s degree in technology from Bits Pilani and a master of management studies from Sydenham Institute of Management Studies. 

  • JSW Group’s initiatives drive team India’s success at Asian Games

    JSW Group’s initiatives drive team India’s success at Asian Games

    Mumbai: India wrapped up what was the country’s most successful Asian Games campaign in Hangzhou, China, last week, with an unprecedented haul of 107 medals to finish fourth overall. The historic campaign had a few prominent factors behind its success, with JSW Group-led initiatives being among the forefront on that list.

    The JSW Group has, for a decade now, been pioneering a sporting movement in India through the JSW Foundation, JSW Sports, and the Inspire Institute of Sport, with a special focus on helping India succeed at the Olympic Games.

    Speaking on JSW Group’s holistic contribution to Indian sport and its subsequent impact on India’s performance at the Asian Games, JSW Sports and Inspire Institute of Sport founder Parth Jindal, said, “It gives all of us at the JSW Group immense pride to have played a pivotal part in India’s most successful Asian Games campaign yet. The JSW Group, through its initiatives, has been committed to transforming India into a sporting powerhouse and to see the effort yield consistent results in big-stage competitions is a testament to the work being put in.

    “The JSW Foundation, has for years now, been supporting the National Rifle Association of India (NRAI), the Boxing Federation of India (BFI), and more recently, the Government of Odisha’s swimming programme. The Inspire Institute of Sport has been our flagship high-performance centre with satellite centres in Himachal, Hisar, Odisha, and Manipur. Some of the biggest names in corporate India have joined hands with us in our movement. The role we have played in India’s success at Hangzhou has only fuelled our desire to succeed in Paris next year.”

    The Indian shooters bagged a staggering 22 medals, while the boxers picked five medals – four of those sealing berths at the Paris 2024 Olympic Games. India’s swimming contingent, meanwhile, broke six national records while competing in China. The partnership with the NRAI involves supporting the coaches, while extensively aiding their data collection and analysis. With BFI, the Foundation’s support extends to organising and hosting national events, facilitating foreign coaching staff and even arming the Federation with a Performance Director.

    In Odisha, the JSW Foundation has initiated an end-to-end programme in conjunction with the Government to culture in aquatics. Currently, the programme is active in 15 different centres, impacting over 5000 children, with the numbers only set to double over the next five years. The programme also involves a team of highly experienced coaches who are working to create a pipeline of talent who will have an impact on high-performance swimming in the near future.

    According to JSW Foundation chairperson Sangita Jindal, “India is a nation of aspiring athletes. About a decade ago, there was a significant gap in the training, development & funding opportunities India offered to talented youngsters to pursue a career in sports. Hence, we launched the Sports Excellence Program as our proprietary CSR project to support Indian Olympic athletes. Over the years, we have also launched various interventions across all our direct impact zones to identify and nurture young rural sporting talent. These sporting gems are identified at an early age and our team helps to build their capacity through a holistic programme. They are then taken to Inspire Institute of Sport for further training to shape them for international championships.  Through our focus on world-class training  infrastructure, coaching and sports science, we are  confident of nurturing a new generation of  Olympic Sports champions for India.”

    The Inspire Institute of Sport had 31 athletes from on its roster represent Team India in China, and 17 from among those returned with medals. (Four gold, eight silver and five bronze). Neeraj Chopra, Avinash Sable, Parul Chaudhary and Men’s 4×400 relay team were among those who won Gold.

    The IIS, while spearheaded by the JSW Group, is also supported by close to 30 donors from corporate India, including entities like Citi India, IndusInd Bank, Kotak, Borosil and Gameskraft Foundation. This is in line with the IIS’ vision of assembling corporates to contribute and lead India’s charge to Olympic glory.

    “Through our long-standing association with JSW’s Inspire Institute of Sport (IIS), I have witnessed first-hand how programs such as those run by IIS can positively impact our athletes’ performance, their careers across sporting arenas, and their long-term development. Programs such as these certainly raise the bar and encourage the next generation of sportspeople. We are very proud of our athletes from India and the work done by IIS. On behalf of Citi, our best wishes and congratulations to all the participants from India at the Asian Games,” said Citi India CEO Ashu Khullar.

    Kotak Mahindra Bank senior EVP and head CSR Himanshu Nivsarkar said, “Kotak Mahindra Bank has funded Inspire Institute of Sport (IIS) under CSR Project that trains Indian Boxers and it gives us immense pride that Kotak’s CSR Project with IIS has contributed to put Indian Boxers on the world map. We congratulate all Indian Boxers for their performance at the recently concluded Asian Games 2023 held at Hangzhou, China. We wish all Boxers to train hard to get more medals at Paris Olympics 2024.”

    The support the IIS extends its athletes is holistic in the truest sense of the term. In Borosil, the Institute has a food & nutrition partner, and Borosil managing director Shreevar Kheruka, said he was encouraged by the progress Indian sport has made in the recent past. “We are delighted to support the Inspire Institute of Sport as Food & Nutrition Partners, and to see our athletes pick up 17 medals in Hangzhou was a moment of great pride for all of us at Borosil. Over the years we’ve seen a lot of progress in Indian sport, and a lot of credit goes towards the people working behind the scenes at the Institute. We believe the Asian Games is yet another chapter in what will be a very long line of success stories for the IIS.”

  • Uday Kotak steps down as MD, CEO of Kotak Mahindra Bank

    Uday Kotak steps down as MD, CEO of Kotak Mahindra Bank

    Mumbai: Uday Kotak has stepped down from the position of managing director (MD) & chief executive officer (CEO) of Kotak Mahindra Bank effective 1 September, the bank mentioned in a BSE filing on Saturday.

    His resignation was accepted at a board meeting held by the bank on Saturday. Uday Kotak is now a non-executive director of the bank.

    In the interim, the joint managing director, Dipak Gupta, will carry out the duties of the MD and CEO until 31 December, subject to the approval of the Reserve Bank of India (RBI) and the members of the bank.

    Uday Kotak is the founder and promoter of the bank and has been the MD and CEO of Kotak Mahindra Bank Limited (earlier known as Kotak Mahindra Finance Limited) since 1 August 2002. He has played a significant role in the institution’s growth over the past 38 years. 

  • CNBC-TV18 Banking Transformation Summit 2023 Inspires banking excellence in India

    CNBC-TV18 Banking Transformation Summit 2023 Inspires banking excellence in India

    Mumbai: CNBC-TV18, India’s leading business, and financial news channel, organised the prestigious Banking Transformation Summit 2023 which concluded with resounding success at Taj Lands End, Mumbai on 23 August 2023. The event brought together visionaries, leaders, and experts from the banking and financial sectors who delved into India’s capabilities and focused on the theme of ‘Charting the Course for India’s Economy to Reach Five Trillion Dollars and Beyond.’

    The summit commenced with a warm welcome address by CNBC-TV18 managing editor Shereen Bhan “Technology adoption is reducing operational costs and is increasing workforce productivity. Together innovation and collaboration in the space do ensure the long-term efficiency and resilience of India’s banking sector. Despite the unprecedented events lurking in the background, the numbers continue to show progress. India has managed to navigate more adeptly than numerous developed nations.”

    The event commenced with an enriching conversation on the subject of Equipping A New India with  Kotak Mahindra Bank the MD & CEO, Uday Kotak. In a conversation with Shereen Bhan, he commented, “I think the debt market has more work to be done and I think the time has come for us to dramatically up our ambition.  The financial sector should put engines that support India’s aspiration and I’m looking forward to India becoming a 30 trillion dollar economy soon”.

    The day’s progression was marked by a captivating panel discussion on $5 Trillion Economy & Beyond: Ambition to Reality, moderated by CNBC-TV18 executive editor Latha Venkatesh. Distinguished industry figures including State Bank of India MD CS Setty; Federal Bank MD & CEO Shyam Srinivasan; Yes Bank MD & CEO Prashant Kumar; and Citi Bank of India CEO Ashu Khullar took part and shared their views.

    Subsequently, a fireside chat on Banking in the Indian Economy featuring KV Kamath, chairman, of the National Bank for Financing Infrastructure and Development (NaBFID), commented on the Banking scenario of India, he said “Today, with open source and fintech startups, the landscape has evolved significantly. In order to remain competitive, banks must acknowledge the innovative work done by these startups. To meet the evolving needs of an aspirational India and double the economy, the banking sector needs to adapt. The long-term financing of infrastructure presents a significant challenge. Banks, which typically operate with short-term maturities, must find a way to lend to long-term projects without incurring interest rate risk. Collaboration with emerging savings platforms like pension and insurance funds offers hope for addressing this challenge.”

    The evening moved ahead with another insightful panel discussion on the topic, Fintech & Banking Collaboration: Pioneering Lending in the New Economy, moderated by Ritu Singh, Associate Editor of CNBC-TV18, The discussion showcased luminaries like Chetna Sinha, founder-chairperson of Mann Deshi Bank; Sucharita Mukherjee, Co-founder and CEO of Kaleidofin; Shinjini Kumar, founder and CEO of SALT app; MN Srinivasu, Co-founder of BillDesk; and Rishi Gupta, MD & CEO of Fino Payments Bank.

    The event’s lineup then seamlessly transitioned into a fireside chat skillfully moderated by CNBC-TV18 editor- IT & Telecom Reema Tendulkar, on the topic of the pivotal role of technology in shaping the banking landscape where Nucleus Software founder & MD Vishnu R Dusad stated, “Across a span of three decades, our platform has catalysed the origination, servicing, and collection of 30 crores worth of retail assets, consequently amassing a commanding market share exceeding 50 per cent in India. The root of the challenge isn’t solely technological, it’s the establishment of an encompassing ecosystem. UPI’s triumphant journey, boasting ten million monthly transactions assured to boom to 30 million, aligns to create a digital profile that empowers lenders to discern patterns. The digital footprint encouraged through transactions empowers lenders to skill lending models, chipping away at interest rates for borrowers.”

    Concluding the summit’s riveting discussions was a final panel –  The New Regime for NBFCs: Building for the Future. Moderated by CNBC-TV18 deputy executive editor  Prashant Nair, this session hosted industry luminaries including Umesh Revankar, executive vice chairman of Shriram Finance Ltd; Rajiv Sabharwal, MD & CEO of Tata Capital; Jairam Sridharan, MD of Piramal Capital and Housing Finance; Ramesh Iyer, vice chairman & MD of Mahindra Finance; and Alok Aggarwal, CEO of Muthoot Home Finance.

    The CNBC-TV18 Banking Transformation Summit 2023 concluded with Nucleus Software, CEO Parag Bhise extending a heartfelt vote of thanks. He said, “I extend my heartfelt gratitude to each and every one of you, for gracing this event with your presence. Events like these provide us all an exceptional platform to exchange ideas, share insights, and collectively share the path forward. I feel privileged to stand before this esteemed gathering of industry leaders, experts, and visionaries who enabled us to create robust technology platforms that remain even after 3 decades at the forefront of innovation and transformation.”

    The CNBC-TV18 Banking Transformation Summit 2023 stands as a pivotal moment, fostering meaningful dialogue and innovation within the banking and financial sectors. By focusing on equipping India with forward-looking insights, the summit empowers participants to navigate and thrive within the ever-evolving landscape.