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Kotak Mahindra Bank launches its first overseas branch in Dubai, UAE
(22 Oct 2019)
To augment its footprint in the international arena, Kotak Mahindra Bank (Kotak) launched its very first overseas branch at the Dubai International Financial Centre (DIFC), Dubai, UAE after receiving due regulatory approvals. The DIFC branch is regulated by Dubai Financial Services Authority (DFSA). > Opening a branch in DIFC is a strategic move by Kotak to contribute to the rapidly growing business flows between India and the UAE. The branch is ideally positioned between the east and the west time zones, giving Kotak ready access to international customers on both sides.