Tuesday, June 3, 2008

Kotak Mahindra bank opened 1st Priority Branch for its HNI customers

Kotak Mahindra Bank leading private sector bank opened its first Priority Banking Branch for its HNI & Priority customers at Juhu in Mumbai. The branch was inaugurated by Mr. KVS Manian, Group Head, Retail Liabilities and Branch Banking, Kotak Mahindra Bank & Mr. Paul de Voijs, MD of Volvo Car, India. The Branch is located at Maitri, Plot No 10 Road No.10 JVPD scheme, Juhu, Vile Parle (West), Mumbai 400049

Speaking at the inaugural function of the new priority branch, KVS Manian, Group Head, Retail Liabilities & Branch Banking, Kotak Mahindra Bank Limited said, “The launch of the Kotak Mahindra Bank, Juhu, and Priority Banking Branch is in line with our commitment to provide a complete suite of financial solutions that cater to diverse and growing needs of our HNI customers. The increasing customized financial needs have made it imperative to design and evolve our products and services to cater to the requirements of customer needs. The exclusive Priority Lounge- designed for our HNI & Priority customers – will enable them to experience banking, investment advisory services and other financial needs in an aesthetic and affluent environment”.

He further added, “With this launch, we have taken a step forward towards integrating and offering our customers financial products, safety and luxury, all under one roof. With a dedicated team in place, we intend to customize our services for all our HNI customers. We are looking forward to opening more such branches in the coming financial year.”

To celebrate the launch of the first Priority branch an event was organized displaying a perfect blend of financial services and exclusive lifestyle benefits. Event included newly launched Volvo S80 and Volvo XC 90 luxury cars, which were brought in for an exclusive test drive, for the first time in Mumbai. There was a special art exhibition also for HNI customers exhibiting collection of leading artists such as S.H. Raza, Francis Newton Souza, C. Douglas at Priority Lounge. The event was enjoyed by the customers more than a select range of wine and cheese.


ravi said...



Thank you

Ranjita said...

I want to know the other benefits offered to HNI's. Please reply to ranjita.sachdev@gmaol.com

Banking_Enthusiast said...
This comment has been removed by the author.
Banking_Enthusiast said...

With the Financial sector recession forcing banking sector to announce layoffs, Kotak Mahindra Bank is joining the fray — but not advertising it.

The bank has cut hundreds of jobs over the past 2 weeks, including positions in sales and the service, private, intitutional and priority banking divisions. It is believed that the cuts are simply part of the Bank's ongoing efforts to watch costs, and the company won’t release specific numbers, even as reports of firings stream in from Kotak facilities across the country.

Insiders suggested the bank was cutting 500 jobs as it struggled to cope with losses on investments and a fall in Priority & Investment banking business which it plans to close soon. Kotak Mahindra Bank leading private sector bank opened its first Priority Banking Branch for its HNI & Priority customers at Juhu in Mumbai last year in the second quarter.

If rumourmills are to be believed, the Bank is soon going to be up for grab as it faces acute liquidity crunch and is in desperate need of funds to save itself from filing bankruptcy.