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Banking families are families that have been involved in banking for multiple generations, generally in the modern era as owners or co-owners of banks, which are often named after their families. Banking families have been important in the history of banking, especially before the 20th century. Banking families have existed and continue to exist in numerous countries.
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791.
Dr. Shankar Acharya is an Indian economist, who was the longest serving Chief Economic Adviser to the Government of India. He is currently an honorary Professor at the Indian Council for Research on International Economic Relations (ICRIER). He served until 2018 as non-executive chairman of Kotak Mahindra Bank. He was appointed for a five year term as the Chancellor of the Central University of Andhra Pradesh on 19th September 2023.
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. As of December 2023, the bank has 1,869 branches and 3,239 ATMs, including branches in GIFT City and DIFC (Dubai).
Hinduja Group is an Indian transnational conglomerate. The group is present in eleven sectors including automotive, oil and specialty chemicals, banking and finance, IT and ITeS, cyber security, healthcare, trading, infrastructure project development, media and entertainment, power, and real estate. The net worth of the Hinduja brothers was estimated to be US$32 billion in 2022, making them the wealthiest people in the United Kingdom. In May 2023, company patriarch Srichand Hinduja died.
Gopichand Parmanand Hinduja is an Indian-British billionaire businessman controlling the Indian conglomerate Hinduja Group. For many years he was co-chairman with his brother Srichand "S. P." Hinduja who died in May 2023. He and his brother were frequently named among the wealthiest people in the UK and Asia, and in the Sunday Times Rich List 2024 ranking of the wealthiest people in the UK he was placed first with an estimated family fortune of £37 billion.
Uday Suresh Kotak is an Indian banker and Founder of Kotak Mahindra Bank, where he is a non-executive director.
Business Standard is an Indian English-language daily edition newspaper published by Business Standard Private Limited, also available in Hindi. Founded in 1975, the newspaper covers the Indian economy, infrastructure, international business and trade, stock and currency markets, corporate governance, and a range of other financial news, opinions and insights.
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024. The Reserve Bank of India (RBI) has identified the HDFC Bank, State Bank of India, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are “too big to fail”.
Anand Gopal Mahindra is an Indian billionaire businessman, and the chairman of Mahindra Group, a Mumbai-based business conglomerate. The group operates in aerospace, agribusiness, aftermarket, automotive, components, construction equipment, defence, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate and retail. Mahindra is the grandson of Jagdish Chandra Mahindra, co-founder of Mahindra & Mahindra.
ING Vysya Bank was a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. This merger marked the first between an Indian bank and a foreign bank. Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance and shareholding arrangement with erstwhile Belgian bank Banque Bruxelles Lambert, which was also acquired by ING Group in 1998.
Srichand Parmanand Hinduja was an Indian-born British billionaire businessman. He was the primary shareholder and chairman of Hinduja Group of companies, together with his brother Gopichand.
Kotak Mahindra Life Insurance Company Limited is a privately held life insurance company based in India. It was established in 2001 and currently serves 46 million customers in 148 cities and towns across India.
Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi. The company is a subsidiary of Bharti Airtel. On 5 January 2022, it was granted the scheduled bank status by the Reserve Bank of India under the second schedule of RBI Act, 1934.
AU Small Finance Bank Limited is an Indian scheduled commercial small finance bank and India’s largest tech-led small finance bank, based in Jaipur. It was founded as vehicle finance company and NBFC, AU Financiers (India) Ltd in 1996 and converted into a full-fledged small finance bank on 19 April 2017.
Zeta is a next-gen banking tech company by founders Bhavin Turakhia and Ramki Gaddipati in 2015. The company provides credit and debit card issuer processing, BNPL, core banking and "mobile experiences". Zeta provides its products to banks and fintechs.
Kotak Mutual Fund is an Indian mutual fund that is managed by Mahindra Asset Management Company (KMAMC). KMAMC started operations in December 1998 and as of 2018, had approximately 74 Lakh investors in various schemes. The fund is a wholly-owned subsidiary of Kotak Mahindra Bank.
Falguni Sanjay Nayar is an Indian billionaire businesswoman, who is the founder and CEO of the beauty and lifestyle retail company Nykaa, formally known as FSN E-Commerce Ventures which is an acronym of her own name. Nayar is one of two self-made female Indian billionaires.
The Digital Rupee (e₹) or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. Digital Rupee is using blockchain distributed-ledger technology.
Udayan Prabhas Bose was an Indian investment banker, financier and business executive. Bose was one of India's first prominent investment bankers and was also the chairman of Lazard India, the Indian subsidiary of the multinational investment bank Lazard. In 1990, he founded India's first private sector venture capital fund. In 2004, Bose left investment banking and became a financier, focusing on private equity investments, and business executive. He was also the chairman of Thomas Cook India. During his career, Bose was noted for his success in investments and acquisitions. He died in 2021.
