Kotak Mahindra Bank is one of India's leading private sector banks, headquartered in Mumbai. It was established in 1985 and received a banking license in 2003. In 2014, it acquired ING Vysya Bank. The bank focuses on customer needs through customized solutions. It has strong human resource practices like training, rewards, and team building. Policies support employee well-being, women empowerment, workplace safety, and fair treatment of contractual workers.
Kotak Mahindra Bank is one of India's leading private sector banks, headquartered in Mumbai. It was established in 1985 and received a banking license in 2003. In 2014, it acquired ING Vysya Bank. The bank focuses on customer needs through customized solutions. It has strong human resource practices like training, rewards, and team building. Policies support employee well-being, women empowerment, workplace safety, and fair treatment of contractual workers.
Kotak Mahindra Bank is one of India's leading private sector banks, headquartered in Mumbai. It was established in 1985 and received a banking license in 2003. In 2014, it acquired ING Vysya Bank. The bank focuses on customer needs through customized solutions. It has strong human resource practices like training, rewards, and team building. Policies support employee well-being, women empowerment, workplace safety, and fair treatment of contractual workers.
Kotak Mahindra Bank is one of India's leading private sector banks, headquartered in Mumbai. It was established in 1985 and received a banking license in 2003. In 2014, it acquired ING Vysya Bank. The bank focuses on customer needs through customized solutions. It has strong human resource practices like training, rewards, and team building. Policies support employee well-being, women empowerment, workplace safety, and fair treatment of contractual workers.
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HUMAN RESOURCE
MANAGEMENT AN D ORGAINISATIONAL BEHAVIOUR GROUP NO: • AMRUTA DESHPANDE 1118 • AASTHA KANOJIA 1137 • SNEHAL KASERA 1140 • SHRADDHA KOHALE 1145 • VINIT POOJARY 1156 • HEMDA 1163 • TEJAL DEVKAR 1187 Kotak mahindra bank
Mr. Uday kotak
VISION : To be the most trusted Global Indian Financial Services brand and the most preferred financial services employer with focus on creating value. MISSION : Our customers must enjoy the benefits of dealing with a Global Indian brand that best understands their needs and delivers customized pragmatic solutions across multiple platforms. introduction • Kotak Mahindra Bank is the fourth largest Indian private sector bank by market capitalization, headquartered in Mumbai, Maharashtra. • Kotak Mahindra group, established in 1985 by Uday Kotak, is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to be converted into a bank – Kotak Mahindra Bank Limited (KMBL). • In 2014, Kotak Bank acquired ING Vysya Bank for a deal valued at ₹15000 crore (US$2.3 billion). With the merger, the total human resource expected count to risewill overjump to almost 1200. 40,000 Post the heads merger, ING and thewhich Group branch was controlled ING Vysya Bank will own 7% share in Kotak Mahindra Bank. HR STRUCTU KOTAK MAHINDRA BANK RE BRANCH MANAGER
ACCOUNT SELF-DESK ACQUISITION SERVICE OFFICER RELATIONSHIP RELATIONSHIP OFFICER MANAGER OFFICER MANAGER HR PRACTICE S • RECRUITMENT AND SELECTION • TRAINING AND DEVELOPMENT • “I”APPLAUD : THE LANGUAGE OF APPRECIATION • REWARDS TO EMPLOYEES • STRONG TEAM BUILDING ACTIVITIES • HALL OF FLAME- REWARDING THE RIGHT BEHAVIOUR AS PER THE VALUE SYSTEM HR POLICIE • EMPLOYEE WELL BEING S • F.L.A.M.E.
• STRISANGINI- FOR WOMEN,BY WOMEN
• POLICIES ON WORKPLACE SAFETY AND SECURITY
• CONTRACTUAL WORKFORCE EMPLOYEE WELL BEING
• The diverse & vibrant workforce fuels the growth engine of the bank • Employee well being is one of the important hr policies of the bank • Employee well being and holistic development are comerstones of the bank people agenda.
• For the well being they introduced healthy activities like strategic organized and interdisciplinary application of knowledge,skills and competencies which are necessary F.L.A. M.E. • F-FOCUS ON RESULTS: Strongly focused on achieving short &long term organizational and financial goals. • L-LEADERSHIP: An opportunity to work with leaders and be one of them • A-ACTIVE INVOLVEMENT: Being participative and inclusive in decision making with the responsibility to be involved in the consultative process • M –MAXIMUM CHALLENGE: An environment where employees are constantly stretched & challenged to give their best • E- ENTREPRENEURIAL CREATIVITY: An ability to create business opportunities and run them as entrepreneurs, within broadly defined parameters STRISANGINI – FOR WOMEN,BY WOMEN • STRISANGINI, AN IN HOUSE WOMEN CELL AT KOTAK MAHINDRA BANK WAS LAUNCHED ON MARCH 8,2013 (INTERNATIONAL WOMEN’S DAY) • IT ENCOURAGES FEMALE EMPLOYEES TO HAVE OPEN DIALOGUE AND SEEK GUIDANCEON PROFESSIONAL AND PERSONAL ISSUES FROM OTHER • MEMBERS STRISANGINI MEMBERS HAVE ALSO INITIATED A MASS MENTORING • PROGRAMME “WOMENTORING@KOTAK”SINCE NOVEMBER 2013 IT IS CONDUCTED IN DIFFERENT CITIES SUCH AS IN MUMBAI AND • MORE THAN 350 WOMEN EMPLOYEES HAVE BEEN COVERED THROUGH BANGALORE THESE PROGRAMMES CONDUCTED BY THE BANKS SENIOR LEADER SHANTI EKAMBARAM WORKPLACE SAFETY AND SECURITY • The bank has Policy statement for health,safety and welfare at workplace to promote safety and security of employees, contract staff and visitors. • Employees and contract staff are regularly trained and provided with awareness of safety and security measures • The induction programme for all employees include sessions on physical security, general fire safety and building evacuation. • The banks corporate offices are equipped with a trauma centre with everyday on call/doctor facilities. CONTRACTUAL WORKFORCE • Kotak Mahindra bank has stipulated contract clauses with all contractors to ensure that statutory requirements for contract labour wages and welfare are strictly adhered to. • Monthly meetings held with vendors/contractors serve as a platform for dialogue between vendors/contractors and the bank, and records vendors • and contractors’ suggestions and grievances. • All reported grievances are tracked and resolved. Statutory requirements on wage payments/Provident Fund (PF) payments • by vendors are verified through collection of payment proofs. TheBank also ensures that no underage or child worker is employed by contractors at its premises. THINK INVESTMENTS THINK KOTAK BIBLIOGR APHY • https://en.wikipedia.org/wiki/Kotak_Mahindra_Bank • http://www.kotak.com/annualreport2013-14 • http:// www.kotak.com THANK YOU
