Kotak Bank , one of India's leading private sector banks, has announced a revision in its fixed deposit interest rates, effective June 9, 2025. This move comes in response to recent changes in the monetary policy landscape.

New Rate Structure

The bank has introduced a new rate structure for deposits below ₹3 crore, offering varying interest rates based on deposit tenure and customer category:

Attractive Rates for Longer Tenures

Kotak Mahindra Bank is offering its highest interest rates for specific tenure brackets:

• 391 days to less than 23 months: 6.60% for regular customers, 7.10% for senior citizens
• 23 months: 6.60% for regular customers, 7.10% for senior citizens

These rates make Kotak Mahindra Bank's fixed deposits an attractive option for investors looking for stable returns, especially senior citizens who can benefit from the higher interest rates.

Bulk Deposits

For customers looking to invest larger sums, Kotak Mahindra Bank has also revised rates for bulk deposits of ₹3 crore and above. These deposits can earn up to 6.50% interest for certain tenures, providing an opportunity for high-net-worth individuals and institutional investors to maximize their returns.

Impact on Investors

This revision in fixed deposit rates by Kotak Mahindra Bank offers several benefits to investors:

1. Higher returns for senior citizens: The increased rates of up to 7.10% for senior citizens provide an excellent opportunity for retirees to secure better returns on their savings.
2. Competitive rates for regular customers: With rates up to 6.60%, regular customers can also enjoy attractive returns on their investments.
3. Options for various investment horizons: The diverse tenure options allow investors to choose deposit periods that best suit their financial goals and liquidity requirements.

Investors are advised to carefully consider their investment objectives, risk tolerance, and liquidity needs when choosing between different tenure options and deposit amounts. As always, it's recommended to compare rates across different banks and financial institutions to make an informed decision.

Kotak Mahindra Bank's revised fixed deposit rates reflect the dynamic nature of the banking sector and its responsiveness to changing economic conditions. As interest rates continue to evolve, customers can expect banks to adjust their offerings to remain competitive in the market.

Kotak Mahindra Bank , one of India's leading private sector banks, has announced a significant addition to its top management team. Srishti Sethi, a seasoned banking professional with over three decades of experience, has been appointed as the new Group Chief Risk Officer.

A Wealth of Experience

Srishti Sethi brings an impressive track record to her new role at Kotak Mahindra Bank. With more than 30 years of experience in risk management and banking, she is well-equipped to navigate the complex financial landscape. Her expertise will be crucial in steering the bank's risk management strategies in an ever-evolving market.

Notable Career Trajectory

Prior to joining Kotak Mahindra Bank, Sethi held several senior positions that have shaped her extensive knowledge in the financial sector. Her professional journey includes:

• A senior role at Hero Fincorp, contributing to the company's risk management framework
• A significant position at IDFC First Bank, where she played a part in the bank's risk assessment and mitigation strategies
• Experience at GE Capital, a global financial services provider, which has given her exposure to international banking practices

Strategic Importance of the Role

The appointment of a Group Chief Risk Officer is a critical decision for any financial institution, especially in today's dynamic economic environment. Sethi's role will be pivotal in:

• Developing and implementing comprehensive risk management strategies
• Ensuring compliance with regulatory requirements
• Safeguarding the bank's assets and reputation
• Contributing to the overall stability and growth of Kotak Mahindra Bank

Implications for Kotak Mahindra Bank

This strategic appointment underscores Kotak Mahindra Bank's commitment to robust risk management practices. By bringing on board a professional of Sethi's caliber, the bank is positioning itself to:

• Enhance its risk assessment capabilities
• Strengthen its decision-making processes in lending and investment
• Adapt to new challenges in the banking sector, including digital transformation and evolving regulatory landscapes

The addition of Srishti Sethi to the leadership team is expected to reinforce Kotak Mahindra Bank's position as a forward-thinking and prudent financial institution in the Indian banking sector.

As the banking industry continues to face complex challenges, from cybersecurity threats to market volatilities, the role of the Group Chief Risk Officer becomes increasingly crucial. Srishti Sethi's appointment is a clear indication of Kotak Mahindra Bank's proactive approach to risk management and its dedication to maintaining a strong, resilient financial foundation for its stakeholders.