The shareholding of KMB is broken down among Uday Kotak (55.97%), Mrs. Anuradha Mahindra (3.02%) and the public (41.01%). Uday Kotak is Executive Vice Chairman & MD of KMB. He was the founder and promoter of KMFL, which he headed for 17 years.

Total Project Cost: N/A Proposed IFC Investment: up to $22 million 3-year bullet senior loan.

22.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	22.0
Equity

* These investment figures are indicative

KMB is headquartered in Mumbai, India.

This is a category FI Type 1 project according to IFC''s environmental and social review procedure. KMB will be required to establish an environmental management system to ensure that activities financed under relevant operations comply with applicable environmental, occupational health and safety regulations of India; designate two individuals to have responsibility for environmental affairs, and who will attend IFC''s environmental management workshop or an approved equivalent; and submit to IFC an environmental management plan, and annual environmental performance reports.
Location of environmental documents in locally affected community

The development impact of this project will be to: - Support the growth of the private sector in the banking industry. Today, the public sector represent more than 80% of total banking assets. The inefficiencies of the public sector institutions, and the weak operating standards affect many sectors of the Indian economy, in particular the SMEs which pay the cost of difficult access to credit and the lack of best practice in banking services. By supporting KMB, this project will contribute to the development of the private sector. - Support a new institution with high potential. Kotak Mahindra Finance Limited was one of the best financial institutions in India, and with the quality of the shareholders and the management, KMB is in a good position to become a leading bank in India. - Increase SMEs access to finance and support export-oriented business. As part of KMB’s business plan, these sectors represent a good share of new business opportunities. Through its loan to KMB, IFC will support these sectors.