Kotak widens base for high net worth business in India

23 February 2011 | 1 minute read

Mumbai-based Kotak Mahindra Bank, known for its deep ties with leading Indian industrialists and HNWIs appears to be widening its strategy for India. The bank has marginally raised its threshold for its “mass affluent” client base from Rs.4,50, 000 (US$9700) to Rs.5,00, 000 (US$12000) and is planning to roll out 200 new branches over the next 12 months. This will…

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