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Kotak Mahindra Bank considered a major Private Banking institution

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The ED of Kotak Mahindra in a statement states that they are termed as the major bankers with a huge asset of Rs. 13,000 crores in their net and may be considered in the top category if the assets are beyond Rs. 13,000 crores and may be placed in a second category if less than Rs. 13000 crores.
Sources available at www.propertykhazana.com say that banker’s do not disclose their assets value. Bankers like DSP Merrill Lynch and Deutsche Bank are not keen in disclosing their property value though all the three bankers are known as major players in the region.
The bank is witnessing a huge growth and has nearly 1,500 customers under its net. HN1s are huge in India and there will be a rise in the trend. India is moving ahead since there is an increase in the population growth.
Sources available at www.propertykhazana.com say that there were times where only few high class groups existed where as the present generation wants to have assets like property, shares, private equity and standard items. Mr. Jayaram of Kotak is of the view that the new generation and younger HNIs wants to forcibly own new assets in order to achieve more profits and incidentally Mumbai, Delhi and Bangalore are the major contributors of HNIs to the banks. For further details please visit www.propertykhazana.com.
Source: NBTVLIVE

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