Kotak Mahindra Bank, an India-based private sector banks, has launched its representative office in Dubai, reported AME Info. As a result, clients will benefit from a wide range of products and services that the group has on offer. Kotak Mahindra offers a range of banking and financial solutions to cater to the varied needs of investors.
The group also has plans to set up an additional financial services arm in the near future in the UAE region. Reportedly, Kotak Mahindra Financial Services, a 100% subsidiary of Kotak Securities, has received an in-principle approval to set up an office in the Dubai International Financial Centre (DIFC).
Uday Kotak, executive vice chairman and managing director of Kotak Mahindra Bank, said: “India has long been an attractive market, even more so during the recent global turmoil, and we are delighted that investors based in the Middle East can now access information on various investment opportunities available in India through our Representative Office.”
