Kotak subsidiary gets IRDAI nod to commence operations

Kotak Mahindra General Insurance Company (Kotak General Insurance) has received approval of the Insurance Regulatory and Development Authority (IRDA) to commence business as an insurance company.

• With the addition of general insurance business, Kotak Mahindra Group with existing presence across banking, wealth management, life insurance, broking, mutual funds and alternate asset management .
• The merger of ING Vysya Bank with Kotak Mahindra Bank has also given us a larger customer base and an increased geographical footprint of more than 650 locations and 1,280 branches.

Key points :

• Kotak Mahindra Bank Headquarters : Mumbai
• Kotak Mahindra CEO: Uday Kotak