Vizag or Vishakhapatnam is not only a popular tourist destination but also the largest and one of the most popular cities in the Indian state of Andhra Pradesh. Vizag has a natural harbor and the oldest shipyard in the country. The cargo port at Visakhapatnam is one of the busiest in India. This Port city is considered as a jewel on the eastern coast of India and it is a prized territory of the Andhra Pradesh government. The financial capital of the state is located in Vishakhapatnam, thus increasing the importance of the city. Vizag offers a rich and ancient culture and the lip-smacking dishes of authentic Andhra cuisine alongside a feel of a modern developing city. Vishakhapatnam is a harmonious amalgam of the enchanting past and the bustling present, along with a breathtaking panoramic view of beautiful golden beaches, lofty hills with cliffs, lush green fields, verdurous valleys and splendid monuments. Vizag has some of the most beautiful beaches in the country that offer scenic beauty of a picturesque landscape. The Ramakrishna beach and the Rushikonda beach get visitors from all over the nation. This city has witnessed waves of development after the separation of Telangana and Andhra Pradesh as the AP government is working hard to transform the city into a smart city.
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.