Tuesday, November 24, 2009

Kotak Mahindra Bank open first representative office in Dubai

Kotak Mahindra Bank, a private sector lender has opened its first international representative office in West Asia in Dubai.

Kotak Mahindra Bank Executive Vice-Chairman and Managing Director Uday Kotak told, "Investors based in the Middle East can now access information on various investment opportunities available in India through our representative office."

Currently Kotak Group has made its presence in New York, London, San Francisco, Mauritius, Bahrain and Singapore. It is offering service to around 65-lakh customers.

According to release Kotak Mahindra Financial Services is a wholly owned unit of Kotak Securities, has received approval papers for setting up an office in the Dubai International Financial Centre.

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