surat is a rapidly developing city in the Indian state of Gujarat. Surat was a large seaport earlier; it is now a flourishing center for diamond cutting and polishing. The city center of Surat is located on the banks of the Tapti River and is quite close to the Arabian Sea. Apart from its diamond industry, Surat has also achieved huge success in the textile industry and is gradually proceeding into the IT sector. Microsoft and IBM have taken up the task of developing Surat into a smart city with special attention towards Citizen Services, Waste Management and Disaster Management. Surat is known for its wonderful infrastructure - it is often called the city of flyovers. Surat is also known for its sense of hygiene - despite its industrial backdrop, Surat proudly claims to be one of the tidiest and cleanest cities in the country. Surat is a culturally diversified city. Apart from being called the "Diamond City" and the "Silk City", Surat is often referred to as mini India, owing to a large number of immigrants from all over India. Surat is probably the only city in Gujarat that celebrates non-Gujarati festivals. Surats landscape comprises a bustling city with all the modern amenities and industries on one hand and gorgeous beaches on the other. This avid juxtaposition makes the city all the more picturesque., surat is a fast growing city in the state of Gujarat. Surat used to be a seaport earlier. It is now flourishing in diamond cutting and polishing. Thriving on the banks of River Tapti, Surat is near the Arabian Sea. Besides its flourishing diamond business, the city has also achieved immense success in the textile industry. It is now setting its initial footsteps in the IT sector. IBM and Microsoft are developing Surat into a smart city by improving its Services for Citizens, Waste Management and Disaster Management. Surat is often referred to as the "Silk City", "Diamond City" and it is of late being viewed as a mini India, since a large number of immigrants are moving to Surat from all over India thus making it a culturally diversified city. No other city in Gujarat indulges so much in the cultures of other states as Surat does by celebrating many non-Gujarati festivals. The vibrant essence of the city comprises of a bustling city crowd with all the available modern amenities. While there is an industrial belt on one hand, there are gorgeous beaches on the other. This avid combination makes the city all the more picturesque and appealing.
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.