On the road less taken

Led by Uday Kotak, the founder and MD, Kotak Mahindra Bank is one of the newest and fastest-growing private-sector banks in India. The stock has surged at an annualised rate of 31 per cent in the last ten years. ₹10,000 invested in the stock have now become ₹1,47,367. Although it was launched almost ten years after the first phase of rolling of private banks, yet it has been able to match the efficiency and margins of banks like HDFC Bank. It is the only bank to match the net interest margins of HDFC Bank, the industry leader, with a consistent ratio of more than 4 per cent. It offers the highest interest rate on its savings deposits and yet has man

This article was originally published on December 08, 2015.