Ghaziabad is a large and developing city in the Indian state of Uttar Pradesh. This city comes under the National Capital Region (NCR). Ghaziabad is often referred to as the Gateway to the state of Uttar Pradesh because of its proximity to New Delhi. This fast-growing city has a population of more than 2 million. The city was founded in 1740 by Wazir Ghazi-ud-din. He named it ?Ghaziuddinnagar? after himself. A large area in Ghaziabad, especially the banks of the Hindon river, used to be a picnic spot for the royal family during the Mughal period. The city has two divisions that are separated by the Hindon River: the Trans-Hindon region on the west and the Cis-Hindon region on the east. It has turned into a major industrial and commercial hub of western Uttar Pradesh. The industrial growth in Ghaziabad took off soon after independence when a number of steel manufacturing units opened in the area. Electronics industry followed and a lot more major industrial houses set up their manufacturing units in Ghaziabad.
In February 2003, the RBI gave the license to Kotak Mahindra Finance Ltd to carry on banking business. The head office of the Kotak Mahindra, an Indian private sector bank, is in Mumbai, Maharashtra. It provides banking products and financial services for corporate and retail customers and specialized subsidiaries in the areas of life insurance, investment banking, general insurance, and wealth management.The Bank has 1,369 branches across 689 locations and 2,163 ATMs in the country, as of 31 March 2017. In 2018, it became the second largest private bank in India by market capitalization after the HDFC Bank. Uday Kotak established the Kotak Mahindra Bank which became a financial services conglomerate. The Reserve Bank of India (RBI) provided the banking licence to Kotak Mahindra Finance Ltd (KMFL), the Groups flagship company in February 2003. The KMFL became the first non-banking finance company in India to be converted into a bank ? Kotak Mahindra Bank Limited (Kmb)ltd.In a study published in February 2014 by Brand Finance Banking 500, KMBL was ranked 245th among the worlds top 500 banks with valuation of around half a billion dollars and brand rating of AA+. The Kotak Bank acquired ING Vysya Bank in a deal valued at ?15,000 crore in 2015. Total employment jumped to almost 40,000, and the count of branches reached 1261 with the merger. After the merger,the ING Group, which controlled ING Vysya Bank, owned a 7% share in Kotak Mahindra Bank.