Kotak Mahindra Bank eyes major SME growth in Kolkata

Kotak Mahindra Bank eyes major SME growth in Kolkata

Kolkata : 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 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 is a critical focal point for Kotak Mahindra Bank’s expansion.

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 business and entrepreneurs.

Shekhar Bhandari, President-SME, Kotak Mahindra Bank said, ‘SME are integral to our growth strategy and Kolkata and the East are central tour vision for SME growth. We see immense potential in the diverse industries here and are committed to fostering a sustainable growth. SME 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.’

Kotak Mahidra Bank has identified key locations in the East, including Ranchi, Kolkata, Jamshedpur, Bhubaneshwar and Cuttack, leveraging local insights and opportunities for growth. The opening of new branches in these areas underscores the bank’s commitment to bolstering the SME sector and driving regional economic development.

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