Company Directory - Kotak Mahindra Bank
Company Details - Kotak Mahindra Bank
Kotak Mahindra Bank
WebsiteKotak Mahindra Bank offers various banking services including credit cards and personal banking.
CCI Score
CCI Score: Kotak Mahindra Bank
4.90
Latest Event
Kotak Mahindra Bank Partners with IEPFA to Boost Investor Education
Kotak Mahindra Bank signed a Memorandum of Understanding with the Investor Education and Protection Fund Authority (IEPFA) to disseminate investor education content through its extensive network of branches, ATMs, digital channels, and social media. The initiative aims to enhance financial literacy and safeguard investor rights without any financial obligation on IEPFA.
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OBJECTOR
Kotak Mahindra Bank is currently rated as an Objector.
Latest Events
- APR282025
Kotak Mahindra Bank signed a Memorandum of Understanding with the Investor Education and Protection Fund Authority (IEPFA) to disseminate investor education content through its extensive network of branches, ATMs, digital channels, and social media. The initiative aims to enhance financial literacy and safeguard investor rights without any financial obligation on IEPFA.
+60
Business Practices and Ethical Responsibility
June 29
The partnership between Kotak Mahindra Bank and IEPFA is a proactive step towards enhancing investor education and financial literacy, which helps protect investors from fraud and exploitation. This effort promotes responsible business practices and ethical responsibility, aligning with progressive values that empower consumers and marginalized groups, thus earning a positive anti-authoritarian assessment.
IEPFA Signs MoU with Kotak Mahindra Bank to Enhance Investor Education
- MAR182025
A Chennai court found Kotak Mahindra Bank guilty of perjury after it was determined that the bank had collected excess money on a loan. In the ruling, a fine of Rs 1,50,000 was imposed and the bank’s legal head, S Karthikeyan, received a three-term jail sentence. The case highlights serious breaches in ethical business practices and a lack of transparency in customer dealings.
-50
Business Practices and Ethical Responsibility
June 29
The court ruling against Kotak Mahindra Bank for perjury, involving the collection of excess funds and subsequent lack of transparency in addressing customer concerns, reflects unethical business practices. This misconduct undermines trust and accountability, contributing to a negative corporate profile from a public and ethical responsibility perspective.
Kotak Mahindra Bank Held Guilty Of Perjury, Official Jailed For 3 Months
- NOV202024
The article details Kotak Mahindra Bank’s comprehensive CSR initiatives focusing on education, healthcare, sustainable development, and skill training programs aimed at uplifting marginalized communities across India. The bank’s partnerships with government agencies, NGOs, and educational institutions underscore its commitment to ethical business practices and inclusive public engagement.
+70
Public and Political Behavior
June 29
The bank demonstrates strong public and political behavior by partnering with government agencies and NGOs to deliver community programs. This engagement supports transparent and inclusive public policies that counter authoritarian tendencies.
+80
Business Practices and Ethical Responsibility
June 29
The bank’s robust CSR initiatives, including long-term programs in education, healthcare, sustainable development, and skills training, reflect a strong commitment to ethical business practices that benefit marginalized communities and align with progressive, anti-authoritarian values.
- APR242024
On April 24, 2024, the Reserve Bank of India ordered Kotak Mahindra Bank to halt the onboarding of new customers via online and mobile banking channels. The directive, issued in response to issues with the bank's IT systems, highlights concerns over the institution's digital capabilities and operational reliability.
-40
Technology and Services Impact
June 29
The RBI's directive underscores significant deficiencies in Kotak Mahindra Bank’s digital infrastructure which resulted in the suspension of online customer onboarding. From an anti-fascist perspective, such operational failures compromise equitable access to banking services and indicate lapses in upholding ethical business practices. Although the measure is regulatory in nature, the bank's inability to maintain robust IT systems may indirectly affect financial inclusion and consumer trust.
- JAN162020
A Kotak group firm, Infina Finance Private Limited, donated Rs 60 crore to the BJP via electoral bonds. Part of the donation was made days before key RBI decisions on Kotak Mahindra Bank's regulatory matters, raising concerns about potential undue political influence.
-80
Political Contributions and Lobbying Efforts
June 29
The significant donation made by a Kotak group firm to the BJP, particularly timed close to critical RBI decisions on promoter stake regulations for Kotak Mahindra Bank, suggests that the firm may be seeking to influence political outcomes. This behavior supports the authoritarian leaning of the ruling party and raises serious concerns about corporate complicity in political meddling.
Kotak firm's Rs 60 crore donation to BJP coincided with crucial RBI decisions on Kotak Mahindra Bank
- NOV222016
Kotak Mahindra Bank’s Business Responsibility Report (FY 16-17) details a wide range of initiatives including ethical governance, robust CSR activities, digital innovations, and responsible lending practices aimed at promoting transparency, employee well-being, and inclusive growth.
+75
Public and Political Behavior
June 29
The report outlines strong public engagement and transparent stakeholder communication practices, reflecting ethical leadership and a commitment to progressive public behavior.
+80
Business Practices and Ethical Responsibility
June 29
Kotak’s detailed CSR report demonstrates a strong commitment to ethical business practices, human rights adherence, and corporate responsibility that go beyond statutory requirements.
+65
Technology and Services Impact
June 29
The initiative to enhance digital banking through Aadhaar-based authentication, paperless account opening, and technology-driven customer service represents a commitment to secure and transparent digital services.
+70
Economic and Structural Influence
June 29
The report highlights responsible lending practices and financial inclusion measures, particularly aimed at marginalized groups, which signify a positive economic and structural influence.
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