Kotak Mahindra Bank wins semi-naming rights for Mumbai metro stations

71
2
Kotak Mahindra Bank wins semi-naming rights for Mumbai metro stations

Uday Kotak-owned Kotak Mahindra Bank KMB announced on Friday that it has won semi-naming rights for Mumbai's two upcoming metro stations - Chhatrapati Shivaji Maharaj Terminus formerly Victoria Terminus and Bandra Kurla Complex.

The rights were granted to KMB for five years until 2028, starting from the commissioning of the line. The metro stations are expected to be open to the public by late 2023.

In a tweet, Uday Kotak, CEO of Kotak Mahindra Bank, stated that these two stations are significant for the Kotak GroupKotak Group because one represents where Kotak was born and the other is where the firm's headquarters is currently located.

Shanti Ekambaram, Group President and Whole-Time Director Designate, said in a statement that the past meets the present and that too is on the high-speed rails of the city's new preferred lifeline. Winning the branding rights is a celebration of our group's humble beginnings at the four-storied Navsari building in Fort, CSMT area, to our current address - our twin office buildings at BKC. The Group began operations in a small office near the Navsari Building in the erstwhile Victoria Terminus area of South Mumbai.

Ekambaram said that a blend of Janmabhoomi and Karmabhoomi will not only resonate with the brand's rich legacy but will enable us to partner with the government's vision of inclusive growth, ease of access and community empowerment beyond banking.

The group has developed into an integrated financial services conglomerate with its nerve centre headquartered in Bandra Kurla Complex in the past.

Kotak Mahindra Bank'sBank's presence in the two iconic business districts will celebrate the rich heritage of the city as well as our firm belief in its future, said Karthi Marshan, President and CMO, Kotak Mahindra Bank. Mumbai Metro has become a highly effective mode of transport - providing comfort, better experience and reliable performance for a new generation of Mumbaikars. The upcoming line connecting South Mumbai to BKC will result in huge footfalls and eyeballs for the Bank, offering opportunities to engage, educate and elevate millions of Mumbaikars every day, Marshan said.