Kotak Mahindra Bank is set to significantly expand its SME business in Kolkata, recognizing the East region as a growing opportunity. For Kotak Mahindra Bank, the East region is a vital market with significant growth potential.
The bank is committed to expanding its footprint in this area over the next few years, investing in local talent and opening new branches to meet the increasing needs of businesses and entrepreneurs.
Shekhar Bhandari, President-SME, emphasized that Kolkata, as a trade and commerce hub in northeast India, is pivotal for the bank’s strategic growth plans in the East. The city boasts of diverse sectors such as iron and steel, biotechnology, coal, leather, jute products, tea, IT, and gems and jewelry, positioning it as a critical focal point for Kotak Mahindra Bank’s expansion. While speaking to reporters, Shekhar Bhandari, President-SME, Kotak Mahindra Bank said, “SMEs are essential to achieving India’s goal of a $5 trillion economy, and Kotak Mahindra Bank is committed to fostering their development and growing together with them.”
