GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1980
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1985
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1990
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1995
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Detailed explanation-1: -Kotak Mahindra Bank Ltd. 1985-The company was incorporated on 21st November 1985 under the name Kotak Capital Management Finance Ltd.
Detailed explanation-2: -Established in 1985, the Kotak Mahindra group has been one of India’s most reputed financial conglomerates. 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).
Detailed explanation-3: -KMP, one of the top three car financiers in the country, was established in 1996 and is a 60:40 joint venture between Kotak Mahindra Bank (erstwhile Kotak Mahindra Finance) and Ford Credit International (FCII). FCII is a 100% subsidiary of Ford Motor Credit Company.