Kotak Mahindra Bank, previously known as Kotak Mahindra Finance Limited, is an Indian financial service firm established in 1985. In Feb 2003, Kotak Mahindra Finance Ltd, the group’s flagship company was given the license to carry on banking business by the RBI. Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank. Currently it has more than 20,000 employees and Rs. 10,000 crore in revenue. The Bank has its registered office at Nariman Bhavan, Nariman Point, and Mumbai. In 2005 it bought stressed assets from a number of banks, at full loan value of Rs 1,000 crore. Kotak Mahindra bank also reached the top 100 most trusted brands of India in The Brand Trust Report published by Trust Research Advisory in 2011. The bank offers personal finance solutions of every kind from savings accounts to credit cards, distribution of mutual funds to life insurance products. It offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. Kotak has one of the largest and most respected Wealth Management teams in India, providing the widest range of solutions to high net worth individuals, employed professionals, entrepreneurs and business families.