Tag: Kotak Mahindra Bank

Business

Kotak Mahindra Bank Appoints Ms. Ketaki Bhagwati as an Independent Director on its Board

May 20, 2024 by Sujata Muguda 0 Comments #BENGALURU, #Financial Institutions Group, #International Finance Corporation, #Investment Committee at Encourage Capital, #John F. Kennedy School, #Kotak Mahindra Bank, #Kotak Mahindra Bank Limited, #Mr. C S Rajan, #Ms. Ketaki Bhagwati

Bengaluru, 20 May 2024: Kotak Mahindra Bank Limited (“Bank”) announced the appointment of Ms. Ketaki Bhagwati as an Independent Director on the Bank’s Board for a period of four years, effective May 18, 2024, subject to the approval of the members of the Bank.

Ms. Ketaki Bhagwati

Announcing the appointment, Mr. C S Rajan, Independent Director and Part-time Chairman, Kotak Mahindra Bank, commented, “We are elated to welcome Ms. Ketaki Bhagwati to the Bank’s Board of Directors. Her extensive experience of over three decades in the banking and financial services industry will help the Bank achieve its growth objectives in the coming months and years. The Board looks forward to working together with Ms. Bhagwati and benefiting from her guidance in key business segments.”

Ms. Bhagwati currently serves as an Independent Director and Senior Advisor, providing leadership in strategy, business development, operations, governance, financial, credit, and risk management. She is an Independent Director on the Board of Bayer CropScience (India) Ltd and has previously served on the Boards of Axis Bank Limited, Omniactive Health Technologies Pvt. Ltd, and as a Nominee Director of IFC on the Board of Tikona Infinet Pvt. Ltd.

Before her board roles, Ms. Bhagwati was the Chief Investment Officer in the Financial Institutions Group at the International Finance Corporation (IFC), where she worked for nearly twenty-five years, specialising in private equity, mergers & acquisitions, debt & structured finance, and distressed asset workouts across Asia, the Middle East, and Africa. She began her career at Credit Rating Information Services of India (CRISIL) in Mumbai.

Ms. Bhagwati is a member of the Investment Committee at Encourage Capital, a US-based impact fund focused on investments in India. She is also a Senior Advisor to the South Asia Center at the Atlantic Council (USA), focusing on major economic policy issues in India, and supports women leaders in business as a member of the Wellesley College Business Leadership Council.

Ms. Bhagwati holds a Master of Public Administration in Economic Development & Finance from Harvard University’s John F. Kennedy School of Government and a Bachelor of Arts in Political Science from Wellesley College.

Ms. Bhagwati added, “I am honoured to join the Board of Kotak Mahindra Bank, a leader in India’s banking sector. I look forward to contributing to the Bank’s strategic vision and working with the distinguished members of the Board to drive sustainable growth and innovation.”

Business

Kotak Mahindra Bank Extends Support to Gulbarga Institute of Medical Sciences

Feb 6, 2024 by Sujata Muguda 0 Comments #Corporate Social Responsibility commitment, #Dr. Umesh S R, #Gulbarga Institute of Medical Sciences (GIMS), #Gulbarga Institute of Medical SciencesGulbarga Institute of Medical Sciences, #Kotak Mahindra Bank, #R Vardharajan

Karnataka, February 06, 2024: Under its Corporate Social Responsibility commitment, Kotak Mahindra Bank Limited (“KMBL”/“Bank”) has extended support to Gulbarga Institute of Medical Sciences (GIMS), Karnataka, by providing a fully equipped Cardiac Ambulance for critical healthcare emergencies. The Cardiac Ambulance was inaugurated by Dr. Sharanaparakash Rudrappa Patil, Hon Minister of Medical Education and Skill Development, Karnataka; along with Dr. Umesh S R, Director & Dean, GIMS and R Vardharajan, Business Head – Government Business, Kotak Mahindra Bank.

Kotak Mahindra Bank Limited under its CSR commitment has extended support to GIMS, Karnataka by providing a fully equipped Cardiac Ambulance for critical healthcare emergencies_1

Through this CSR association with GIMS, Kotak aims to strengthen access to healthcare for local communities. The fully equipped Cardiac Ambulance will provide initial emergency treatments such as cardiac and respiratory ailments. On average, it is anticipated to support close to 500 patients each month, contributing significantly to the healthcare needs of the community in Gulbarga.

R Vardharajan, Business Head – Government Business, Kotak Mahindra Bank Limited, said, “We are committed to support the healthcare needs of local communities. Through our CSR association with Gulbarga Institute of Medical Sciences we will provide critical support to patients with cardiac and respiratory ailments and contribute to the need for superior healthcare services in the state.”

Kotak Mahindra Bank Limited under its CSR commitment has extended support to GIMS, Karnataka by providing a fully equipped Cardiac Ambulance for critical healthcare emergencies 2

Dr. Umesh S R, Director & Dean, GIMS said, “We are delighted to witness yet another feat which resembles the commitment of Gulbarga Institute of Medical Sciences and is in line with the service-oriented tradition of the hospital. This latest addition of Cardiac Ambulance to serve the underserved will prove to be a blessing for cardiac patients. We thank Kotak Mahindra Bank to have supported us in fulfilling our mission to serve the poor and enhance the quality of treatment.”

Kotak Karma is the Corporate Social Responsibility (CSR) identity of the Kotak Mahindra Group of companies.