Kotak Mahindra Bank is preparing to become the third-largest private bank in India by 2030 in terms of profit and return on equity. In recent Interview, CEO of the Bank Ashok Vaswani has detailed out the bank’s future plans to increase the profitability without compromising on asset quality. He also stressed on strengthening its deposit strategy by focusing on growing its CASA base.
Recently, raising deposits has been a challenge for banking industry and impacting the margin of banks.
Kotak Bank plans to achieve this through technology, operational efficiency, and through acquisitions.
