For Immediate Release

Kotak Mahindra Bank expands its reach in Jharkand

- Launches Retail Operations in Ranchi-

Ranchi, March 13, 2010: Kotak Mahindra Bank, one of India’s leading private bank’s, strengthened its presence in the state of Jharkand, with the inauguration of its new branch in Ranchi. With this, Kotak Mahindra Bank has 3 branches in the state and 245 branches in the country. Kotak Mahindra Bank’s operations began in the city from 22nd September,2009. The new branch at Ranchi is located at Ground Floor Narayani Complex 5, near Over Bridge Main Road, Ranchi -834001, Jharkand. The branch was inaugurated by Mr.Pradeep Kumar Sharma – President Federation of Jharkand Chamber of Commerce & Industries.

Speaking on the occasion, KVS Manian, Group Head - Retail Liabilities and Branch Banking said, “Ranchi is a prominent political, commercial, industrial, and educational hub of eastern India. Ranchi is also an upcoming city with facilities matching the standards of any developed capital. Providing banking solutions in this upcoming city and catering to the residents of Ranchi is a privilege for our bank. The bank already has its branches in Jamshedpur and Dhanbad. We look forward to providing simple and seamless banking convenience to all our customers in the region.”

Against the backdrop of global financial slowdown which completely altered the way financial institutions across the globe think and function, Kotak Mahindra Bank recognized the shift in the Indian customer’s mood, orientation and mindset. In sync with its positioning, the bank intends to strengthen and expand it’s focus from investment expertise to money management support in all walks of life. Living by their new tagline ‘Let’s make money Simple’, the bank ensures that their customers have an easy and simple access to their financial needs.

Kotak Mahindra Bank offers complete retail financial solutions for varied customer requirements. The Savings Account goes beyond the traditional role of savings and provides a range of services through a comprehensive suite of investment services and other transactional conveniences like Online Shopping ,Bill Payments, ASBA , Netcard, ActivMoney ( TD sweep) , Investment Account, Payment Gateway services etc. All this can be availed through Internet or phone banking services. The Bank also offers loan products such as Commercial Vehicle Loans, etc. Keeping in mind the diverse needs of the Business Community Kotak Mahindra Bank offers comprehensive business solutions that include Current Account, Trade Services, Cash Management Services and Credit facilities. Branch timing will be 09:30 to 04:30 from Monday to Saturday.

-Ends -

About Kotak Mahindra Bank

http://www.kotak.com

Established in 1985, the Kotak Mahindra group has been one of India's reputed financial organizations. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). This approval creates banking history since Kotak Mahindra Finance Ltd. is the first non-banking finance company in India to convert itself in to a bank as Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank offers complete retail financial solutions for varied customer requirements. The Savings Account goes beyond the traditional role of savings and provides a range of services through a comprehensive suite of investment services and other transactional conveniences like Online Shopping ,Bill Payments, ASBA , Netcard, ActivMoney ( TD sweep) , Investment Account, Payment Gateway services etc. All this can be availed through Internet or phone banking services. The Bank also offers loan products such as Commercial Vehicle Loans, etc. Keeping in mind the diverse needs of the Business Community Kotak Mahindra Bank offers comprehensive business solutions that include Current Account, Trade Services, Cash Management Services and Credit facilities. Kotak Mahindra Bank has 245 branches spread across 141 locations in the country. The Bank has the products, the experience, the infrastructure and most importantly the commitment to deliver pragmatic, end-to-end solutions that really work.

For further information, please contact:

Supriya Morde

Genesis Burson-Marsteller

Mobile: +91 9833031251