Hyderabad is a flourishing Indian city that is steadily proceeding towards the pinnacle of growth and development. Hyderabad, the capital city of Telangana state, was the erstwhile capital city of Andhra Pradesh. However, Telangana broke off from the state of Andhra Pradesh in 2014 and since then Hyderabad has served as the de jure capital of AP till the time the AP government is ready with a capital city of their own. Often referred to as the City of Lakes or the City of Pearls, the twin cities of Hyderabad and Secunderabad have flourished along the banks of the Musi River and is home to a myriad historical relic from the Nizami era. This fourth most populous city is situated on the hilly terrain of the Deccan plateau amidst aplenty artificial lakes - Hussain Sagar Lake being the most popular one. Amidst the scorching summers and comfortable winters, Hyderabad presents to its tourists a plethora of historic charms in the Golconda Fort, the Salarjung Museum, the famous Charminar, the Falaknuma Palace and a handful of old bazaars of Hyderabad that have been glorified through verses by great poets like Sarojini Naidu. Tourists flock to Hyderabad to try the famously mouth-watering delicacies like the Hyderabadi Biryani and Haleem.
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.