Pallavaram, situated in the Indian state of Tamil Nadu, was originally known as Pallava Puram. It is a residential locality in Chennai. It is known for its bustling residential colonies and cantonments. The Pallavaram railway station serves the neighborhood and it belongs to the Chennai Suburban Railway Network. The historical town of Pallavaram has been resided in since the Paleolithic Age. Pallavaram has derived its name from the Pallava settlement in the area. The cantonment and aerodrome were built during the British rule. The British conducted mining activities on Pallavaram Hill. The hill, made of charnockite rock, presumably possesses healing properties. This city is one of the oldest inhabited regions in South India as many stone age artifacts have been uncovered in the area. The city has more than 2 lakh residents who speak in Tamil. Most of the residents work in various service sectors in the neighboring city of Chennai.
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.