Kotak Mahindra Bank Launches Kotak Gold Debit Card

For Immediate Release

Kotak Mahindra Bank augments presence in Uttar Pradesh - Launches a branch at Gomti Nagar -Lucknow

Lucknow, January 28, 2010: Kotak Mahindra Bank, one of India’s leading private banks, strengthened its presence in the state of Uttar Pradesh, with the inauguration of another branch in Lucknow, at Gomti Nagar. With this, Kotak Mahindra Bank now has 13 branches in the state and 245 full fledged branches in the country. Shri Padman Singh, IPS – Additional Director General of Police, CB, CID Lucknow inaugurated the new branch located at 5/27, Vishal Khand, Gomti Nagar, Lucknow.

Speaking on the occasion, KVS Manian, Group Head - Retail Liabilities and Branch Banking said, “Lucknow is a vibrant city that is witnessing an economic boom and is among the fastest growing cities of India. The unique combination of its cultural grace and newly acquired pace is its most promising feature that augurs well for us as one of the leading banks operating in this region. We perceive the state of Uttar Pradesh as an important market in the overall growth plans of the Bank and are therefore increasing our footprint in this region”.

He added, “We offer our customers personalized investment advice and innovative products, aimed at increasing customer convenience. Branches are an integral part of our multi-channel delivery platform as they act as a one-stop-shop for all our financial products and play an important role in strengthening our relationships with our customers. In addition to having 2 branches in Lucknow, the Bank already has branches in other major towns of Uttar Pradesh like Agra, Allahabad, Bareilly, Ghaziabad, Kanpur, Meerut, Moradabad, Mathura, Noida and Varanasi,. Now, with our expanded presence in Lucknow we will be able to further enhance our banking proposition in this region.

Kotak Mahindra Bank offers complete retail financial solutions for varied customer requirements. Our Savings Account proposition goes beyond the prototype and provides a range of services through a comprehensive suite of investment services and other transactional conveniences like Online Shopping ,Bill Payments, ASBA , Netcard, ActivMoney ( TD sweep) , Investment Account, Payment Gateway services etc. All this can be availed through Internet or phone banking services. The Bank also offers loan products such as Commercial Vehicle Loans, etc. Keeping in mind the diverse needs of the Business Community Kotak Mahindra Bank offers comprehensive business solutions that include Current Account, Trade Services, Cash Management Services and Credit facilities. Branch timing will be 09:30 to 04:30 from Monday to Saturday.

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About Kotak Mahindra Bank http://www.kotak.com Established in 1985, the Kotak Mahindra group has been one of India's reputed financial organizations. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). This approval creates banking history since Kotak Mahindra Finance Ltd. is the first non-banking finance company in India to convert itself in to a bank as Kotak Mahindra Bank Ltd.

The Bank offers comprehensive business solutions that include Trade Services, Cash Management Service and Credit facilities, keeping in mind the needs of the business community. Kotak Mahindra Bank has over 245 branches spread across 141 locations in the country offering both traditional banking products and investment advisory services. The Bank has the products, the experience, the infrastructure and most importantly the commitment to deliver pragmatic, end- to-end solutions that really work.

For further information, please contact:

Supriya Morde Genesis Burson-Marsteller Mobile: +91 9833031251 [email protected]