The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
Best Bank Awards

India's best domestic bank 2021: Kotak Mahindra Bank

Kotak Mahindra Bank

India’s biggest banks all deserve plaudits for steering their firms in the right direction in 2020, despite facing an unprecedented global health crisis.

Asset quality in India’s banking sector remained robust, defying expectations of a big spike in non-performing loans. This was partly thanks to banks making prudent decisions about lending and putting in place higher provisions than needed, in order to tackle distressed debt.

All of India’s largest banks can be proud of how they weathered the storm, but Kotak Mahindra Bank, led by chief executive Uday Kotak, stands out. It is the winner of two Asiamoney awards this year – one for its prowess in corporate and investment banking and the other for its overall domestic banking performance, recognizing its resilience, growth and the strategic moves it made in 2020 to navigate the difficulties posed by the Covid crisis.

Let’s take Kotak’s CIB franchise first. Veteran banker KVS Manian oversees corporate banking and investment banking, institutional equities and wealth management. Kotak worked on a number of onshore structured and corporate bonds for issuers including Muthoot Finance, Shriram Transport Finance, entities of the Tata Group and Godrej Industries last year.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree