Kotak Mahindra Bank is set to significantly expand its SME business in Kolkata, recognizing the East region as a growing opportunity. Shekhar Bhandari, President-SME, emphasized Kolkata’s pivotal role in the bank’s strategic growth plans for the East. The city’s diverse sectors, including iron and steel, biotechnology, coal, leather, jute products, tea, IT, and gems and jewelry, position it as a critical focal point for Kotak Mahindra Bank’s expansion.
The East region represents a vital market with significant growth potential for Kotak Mahindra Bank. Over the next few years, the bank plans to invest in local talent and open new branches to meet the increasing needs of businesses and entrepreneurs. “SMEs are integral to our growth strategy, and Kolkata and the East are central to our vision for SME growth,” said Bhandari. “We see immense potential in the diverse industries here and are committed to fostering sustainable growth.”
A key part of Kotak Mahindra Bank’s strategy is the Kolkata market, renowned for its bustling trade activities and dynamic economic environment. The bank plans to leverage local insights and opportunities, reinforcing its commitment to regional economic development. Kotak Mahindra Bank has also identified key locations in the East, including Ranchi, Jamshedpur, Bhubaneshwar, and Cuttack.
