Never

The world has been forced to embrace a pace of change, effecting a seemingly instantaneous generational shift. Almost instantly, almost everyone is online; almost everything is digital. The rules of social engagement have been replaced overnight with new behavioural traits. The ways of life are altered irreversibly.

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Normal

Services

Solutions for today and tomorrow

About Us

Kotak Mahindra Group (Kotak) is a trendsetter in the Indian banking industry since its inception and continues to contribute to nation-building, as one of India’s leading banking and financial services institutions.

Kotak universe^

`4,78,873 cr

Total assets

~`3,82,000 cr

Wealth, priority and investment advisory relationship value

`2,78,871 cr

Total deposits

`2,52,188 cr

Total advances

`1,16,565 cr*

Total investments

73,000+

Group employees

4,20,000+

Shareholder base

26 mn+

Number of customers of the Bank

^All numbers are on a consolidated basis except where stated I *Excludes Policyholders' investments

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Designed

Driven to deliver

Business Model

Core strengths

  • Integrated financial services conglomerate with a diversified business model
  • Robust capital position – amongst the highest in the Indian banking sector
  • Healthy asset quality and prudent risk management capabilities
  • World-class digital capabilities and technology infrastructure
  • Ability to identify and capitalize on opportunities
  • Pan-India reach of 3,857 retail distribution points of the Group enabling cross sell opportunities
  • Strong brand and leadership across businesses
  • Strong governance culture and an experienced management team
  • Average tenure of Kotak’s leadership team is 20+ years with the Group

Wide product portfolio

Kotak caters to the diverse financial needs of individuals and the corporate sector. The bold vision that underscores Kotak’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked.

Wholesale banking

Commercial banking

Consumer banking

Other financial services

Covering wide customer cross-section

Organisation structure and culture drives cross-sell and customer cross-buying across various products.

Corporate and Institutional

Very large, Large, Emerging corporates, Small and medium enterprises (SME)

Individuals

Mass, Mass affluent Affluent, High networth individuals (HNI)

Creating value

For customers

Offers one of the lowest home loan interest rates starting at 6.65%*p.a. applicable across all loan amounts

Launched Cardless cash withdrawals and ‘ATM on Wheels’ in six metro cities

For shareholders

`3,47,416 cr 40%

Market capitalisation ^

`426.0 22%

Book value per share

For employees

Kotak Mahindra Bank has been certified as a ‘Great Place to Work’ by the GPTW# institute

Women employees account for nearly a quarter of our Bank workforce

For community

`201.2 cr

Group CSR expenditure

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*Terms & Conditions apply | @all numbers are on consolidated basis | ^as on 31st March 2021 | YoY growth I #Great Place to Work Institute

Supporting

Protecting our stakeholders

Resolute Response

FY 2020-21 was a year when safety and security became a top-of-the-mind phenomenon for countries, businesses and individuals alike. The world was not prepared for the kind of risks it faced and, as a result, priorities changed overnight with protecting families, lives and livelihoods trumped everything else.

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Protecting
communities

Beginning March 2020, we recalibrated our CSR efforts and designed multiple projects to support communities that were most vulnerable to severe adverse impact of the pandemic.

Protecting
customers

We ensured seamless banking services for our customers through various means and innovative ways.

Protecting
people

People balance sheet matters the most to us, and will continue to be our priority going forward.

Protecting the
Bank

We fine-tuned our strategies to better manage risks in our operating environment.

Sustained

Sustainable value creation

Key Performance Indicators

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  • Profit and Loss
  • Operational
  • Balance Sheet
  • Valuation
  • Group Companies
  • Environmental and Social

Profit and Loss

Profit and Loss

Net interest margin (NIM) of 4.5% for FY 2020-21, reflects our strategic focus centred around risk adjusted returns and our ability to evaluate and appropriately price risk.

Net Interest Income

(` in crore)

16%

CAGR

FY 17
FY 18
FY 19
FY 20
FY 21

Operating Profit

(` in crore)

19%

CAGR

FY 17
FY 18
FY 19
FY 20
FY 21

Net Profit

(` in crore)

19%

CAGR

FY 17
FY 18
FY 19
FY 20
FY 21

Earnings Per Share (EPS)

(`)

17%

CAGR

FY 17
FY 18
FY 19
FY 20
FY 21

All numbers are on a consolidated basis except where stated

Operational

Operational

A high CASA ratio has significantly contributed in lowering our cost of funds.

Current Account and Savings Account (CASA) Balances (Bank standalone)

25%

CAGR

Deposits

(` in crore)

16%

CAGR

FY 17
FY 18
FY 19
FY 20
FY 21

Advances

(` in crore)

11%

CAGR

FY 17
FY 18
FY 19
FY 20
FY 21

All numbers are on a consolidated basis except where stated

Balance Sheet

Balance Sheet

Our strong capital adequacy position not only protects us against risks during adversity, but also positions us well for growth.

Bank Capital Adequacy Ratio and Tier 1 Capital

%

Capital & Reserves and Surplus

(` in crore)

22%

CAGR

FY 17
FY 18
FY 19
FY 20
FY 21

Total Assets

(` in crore)

15%

CAGR

FY 17
FY 18
FY 19
FY 20
FY 21

All numbers are on a consolidated basis except where stated

Valuation

Valuation

Our market capitalisation has grown 2.2x in the last five years and our price-to-book (P/B) stood at over 4.1x, demonstrating the continued confidence and trust that investors have in our brand.

Book Value Per Share

(`)

19%

CAGR

FY 17
FY 18
FY 19
FY 20
FY 21

4.1x

Price-to-book (P/B) as on 31st March, 2021

Market Capitalisation

(` in crore)

21%

CAGR

FY 17
FY 18
FY 19
FY 20
FY 21

2.2x

Growth in market capitalisation in the last five years

All numbers are on a consolidated basis except where stated

Group Companies

Group Companies

Our subsidiaries and associates contributed 30% of the consolidated Profit after Tax (PAT) for FY 2020-21, reflecting the diversity of our business model.

Total Assets Under Management

(` in crore)

23%

CAGR

FY 17
FY 21

Kotak Securities – Average Daily Volume (ADV)^

(` in crore)

40%

CAGR

FY 17
FY 21

Kotak Life Insurance – Gross Written Premium

(` in crore)

21%

CAGR

FY 17
FY 21

Kotak Mahindra Asset Management – AAUM# - Equity

(` in crore)

42%

CAGR

FY 17
FY 21

5-Year CAGR I ^excluding BSE Derivatives and Proprietary Segments I #Average assets under management

All numbers are on a consolidated basis except where stated

Environmental and Social

Environmental and Social

The aspects of sustainability, concern for climate change and social good have been ingrained within business functions at Kotak, and have been an important consideration on which our products, services and processes have been built over the years.

 

1,188 tCO2e

Emissions avoided by the Bank (large offices)

 

~99,200

Beneficiaries of CSR Projects on Education and Livelihood

 

~5,33,000

Beneficiaries of CSR Projects on Healthcare

All numbers are on a consolidated basis except where stated

Message from Uday Kotak

Newer

Never
Normal

2020 was a year unlike any that we have seen. And while 2021 brings with it a fair degree of hope and optimism, I believe that we must embrace living in a world where the new normal and never normal coexist.

Uday Kotak Managing Director & CEO

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Preparing

Ready for next

Megatrends and Strategy

The banking and financial services industry is undergoing transformative changes powered by digitalisation. Covid-19 has further accelerated digitisation of banking with evolving customer expectations and changing behaviour experienced during the pandemic.

The accelerated digital transformation has helped redefine bank-customer relationships and has placed greater focus on increased customer engagement, on customer centricity and on cost efficiencies driven through a Phygital strategy vis a vis the primary branch centric customer engagement model. The emergence of fintech platforms and smart collaborations with banks is further democratising access, improving convenience and elevating experience, thereby reshaping the banking industry landscape for a digital world.

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Growing Together

Crafting Solutions to simplify life

At Kotak, we have always believed in simplifying our customers’ financial journey. As the pandemic disrupted conventional ways and means for people globally, cutting across demographic and income groups, we came up with innovative solutions to the ever-evolving challenges, enabling our customers to adapt seamlessly to the new realities.

`10,000 cr+

Fresh home loan disbursements in FY 2020-21

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Digital ecosystem

Driving a connected experience

Digitalisation has been integral to Kotak’s core growth strategy focusing on customer acquisition, engagement and experience. It has also been instrumental in building a future-ready banking franchise. When the pandemic-induced disruptions brought forward digital transformation by several years,

111%*

Increase in monthly active users of WhatsApp Banking

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*March 2021 vs. March 2020

Environmental, Social & Governance
(ESG) Practices

Sustainability
embedded in DNA

Over the years, we have built our franchise on the principle of inclusiveness and by designing innovative financial solutions to promote last-mile financial access in unbanked and underbanked geographies of India.

  • Renewable energy powers many of our offices
  • Green data centres, designed for maximum energy efficiency, established
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Awards & Accolades

Recognition
of excellence

  • Kotak Mahindra Bank recognised as the ‘Highest Fund Raising Corporate’
  • Uday Kotak ranked #4 in India Today’s The High & Mighty Power List 2020
  • Shanti Ekambaram recognised as one of ‘India’s Most Powerful Women in Business’ in 2020 by Fortune India
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Consolidated
Financial Statement

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Director’s
Report

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Management Discussion & Analysis

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Report on Corporate
Governance

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Standalone
Financial Statements

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Financial
Highlights

Download

ESOP SAR Disclosure
For FY 2020-21

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Business
Responsibility Report

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AGM
Notice

Download

Form
MGT-7

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