Kotak Mahindra Group is a leading financial services conglomerate and was founded in 1985 by Mr. Uday Kotak. The Reserve Bank of India (RBI) granted a banking license to the group's flagship company, Kotak Mahindra Finance Ltd. (KMFL), in February 2003. Kotak Mahindra Finance Ltd. (KMFL) became the first non-banking finance company in India to be transformed into a bank: Kotak Mahindra Bank Limited (KMBL). As on March 31, 2015, the bank had a total income of Rs. 11,748.32 crore and a net profit of Rs. 1,865.98 crores. The bank has more than 641 branches and more than 1,159 ATMs in 363 areas