Gandhinagar : Gujarat Chief Minister Bhupendra Patel met with Kotak Mahindra Bank Managing Director (MD) and Chief Executive Officer (CEO) Deepak Gupta on Wednesday in a series of meetings ahead of the Vibrant Summit.
Gupta informed the Chief Minister that Kotak Mahindra Bank has started its International Banking Unit (IBU) at the International Financial Services Center (IFSC) of Gujarat International Finance Tech-City (GIFT City), Gandhinagar. The bank has also launched two Digital Banking Units (DBUs) in Surat and Mehsana in Gujarat in partnership with the Government's '75 Digital Banking Units (DBUs) in 75 Districts' initiative.
In addition, under Corporate Social Responsibility (CSR), the Bank in collaboration with Shroff Foundation Trust (SFT) has also launched a CSR project for Skill Development in Gujarat.
The Chief Minister expressed readiness to support the expansion of education and livelihood projects in Gujarat under Kotak Group's CSR. He also invited Gupta to participate in the Vibrant Gujarat Startup Conclave to be held in Ahmedabad in the coming December and the main summit to be held in Gandhinagar on January 10, 2024.
Kotak Mahindra Bank is one of the leading private sector banks in India, and its expansion in Gujarat is a sign of the state's growing economic importance. The bank's IBU in GIFT City will further boost the state's position as a global financial hub.
