Thursday 19 November 2009

Kotak Mahindra Bank to launch Dubai office soon

India's Kotak Mahindra Bank would soon come up with its representative office in Abu Dhabi, its Executive Vice-Chairman and Managing Director Uday Kotak told Emirates Business.

The group has major foreign expansion plans to increase the share of overseas business to almost 20 per cent within the next three to five years and UAE will have a major share in that.

The bank opened a representative office in Dubai and will also set up a subsidiary of Kotak Securities called Kotak Financial Services.

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