Nagpur: Small and Medium Enterprises (SMEs) across Maharashtra are increasingly seeking partnerships with banks that offer digital solutions tailored to their business needs. Recognizing this demand, Kotak Mahindra Bank has seen significant traction with its Kotak fyn platform, an integrated digital solution designed to streamline business banking services – Trade, Account Services, Collections, and Payments. This platform aims to provide a seamless, paperless experience for SMEs

Shekhar Bhandari, President – Small and Medium Enterprises at Kotak Mahindra Bank, underscored the bank’s commitment to putting customers first. “Customer centricity is at the core of our SME business. Beyond offering easy access to credit, we’ve taken a holistic approach — slashing turnaround time and deepening client relationships. In recent months, we’ve leveraged advanced AI and ML tools to empower faster decision-making” he shared.

Maharashtra — known for its vibrant economy and as a hub for key industries such as Iron & Steel, Plastic & Plastic products, Gems and Jewellery, Auto Ancillary, IT and ITeS, Education & Hospitality at the heart of Kotak Mahindra Bank’s expansion strategy.

“SME is a critical pillar of the bank’s growth story,” Bhandari added. “We’re confident in the sustainable potential of this segment across India, with a special focus on Maharashtra. In the last few years, SMEs have demonstrated strong hausala and are expected to play a defining role in making India a $10 trillion economy.

To fuel this vision, the bank is investing significantly in Maharashtra, building capacity to serve the fast-growing SME ecosystem through its extensive branch network.

Kotak Mahindra Bank has identified strategic markets within Maharashtra, including such as Mumbai, Pune, Nagpur, Nashik and Aurangabad to tap into local insights and unlock new opportunities for growth.