Group

• Tofik khan• Parth majmudar• Yogin shah• Nisha naik• Shreyash • Mohammed khalid

History

• The Kotak Mahindra group is a financial organization established in 1985 in India

• Formerly known as the Kotak Mahindra Finance Limited

• Which was a non-banking financial company• In February 2003, the company was given license

to carry on Banking Business • Kotak Mahindra Finance Ltd. is the first company

in the Indian banking history to convert to a bank.

Info

• The bank is headed by K.M. Gherda as Chairman• Uday Kotak as Executive Vice Chairman &

Managing Director• Dr. Shankar Acharya, Non-Executive Part-time

Chairman• Subhro Bhaduri

Head HR - Kotak Mahindra Bank• The Bank has its registered office at Nariman

Bhavan, Nariman Point, Mumbai

About Kotak Mahindra Bank

• Kotak Mahindra Finance Ltd got converted into a bank - Kotak Mahindra Bank Ltd in March 2003

• Kotak Mahindra bank has presence in commercial vehicles, retail finance, corporate banking, treasury and housing finance.

Services of Kotak Mahindra Bank

• Deposit Accounts Savings account Term Deposits Safe Deposits Locker

• Loans Personal Loans Home Loans Loan Against Property

• Investment Services Demat Insurance Gold Mutual funds Convenience Banking Net Banking Mobile Banking Phone Banking ATM Network

HRP

HRP

Requirements Forecast

Supply Forecast

Differences

Surplus

Shortage

Job Analysis

Job Title

Duties Responsibilities

Working Hours

Salary

Job Description

Qualities

Qualification

Experience

Aptitude

Job Specification

STANDARD FOLLOWED BY KOTAK FOR RECRUITMENT

• Age group :18– 35 for both male or female (M1-M3 position)

• Minimum graduation in any discipline above 50% for (M1-M3)

• M.B.A, C.F.A, I.C.WA, are selected for M4 and above post

• Should be medically fit• Should not have any criminal record• If candidate is experienced need to have relieving

letter• If candidate is doing own business prior need to

provide shop no or business registration no

Selection ProcedureRecruitment

Examining the Application

Employment test

Interviews

Reference check

Medical Examination

Final selection, Placement & Induction

RECRUITMENT PROCESS

• Firstly : HR round• Aptitude test • Group discussion• Final round (operation manager)• Medical examination Selected candidate should submit doctor

certificate within one week time• Selected candidate should submit 2 reference

other then blood relation it can be (college professor, friend in any corporate or family doctor letter or any politician reference for cross check)

RECRUITMENT

• The objective of the recruitment policy is to source the best talent from internal and external sources to achieve the business objectives and goals of the company

KOTAK RECRUITMENT

INTERNAL SOURCES

EXTERNAL SOURCES

INTERNAL & EXTERNAL SOURCES

• Internal sources• Referral If candidate get selected employee get RS

3000 and once the candidate completes 3 months employee gets RS 5000

• Ex-employee (referral)

• External sources• Consultancy : Jobbuzz,Infobase,Great jobs• Campus: Jamnalal Bajaj,Chetna,Rizvi,S.P.jain, Symbosis(pune)

MEDICAL EXAMINATION

• Objectives: To ensures the medical fitness of the new entrants

• A new entrant should obtain a medical fitness certificate from a certified medical centre before signing the offer letter

• Along with medical certificate you need to submit following documents

• Copies of testimonials and photographs shall be submitted by the new entrant on the day of joining

• Appointment letter • Copy of interview evaluation sheet • Resume• Employment application form

DOCUMENTS

• Compensation package• All other documents as mentioned in letter of

intent• Relieving letter from previous employer shall be

submitted by the new entrant• Verification shall be carried out of all documents

INDUCTION PROGRAM• After all the formalities gets complete first

interaction “ Induction Program”• 3 to 4 days of program • Company background • History• Culture• Product and services• Future plans • Business games • Safety and guideline's• Career opportunities • Learning passport will be provided

PROBATION PERIOD AND EMPLOYEE CONFIRMATION

– Once new employee is recruited shall be kept on probation period

– Probation evaluation form shall be sent to the departments 7 days before the date of examination

– Extension of probation period at the time of final assessment is not allowed without valid reason

– Probationers shall be confirmed subject to all round performance of the probationer being adjudged satisfactory by respective HOD

– Probation period shall be extended for 3 months at a time not more than 2 times

– In case probationer is not confirmed even after the second extension of probation period, shall be issued a written communication

DRESS CODE

• Monday to Thursday formals• Friday and Saturday casual only for back office

operation employee front office employee shall wear formals for entire week

JOINING BONUS

• Joining bonus is only given to M4 and above designation

RECORD OF ATTENDANCE

• Employees shall produce their I card at any point of time on

demand by the authorities while in transit in the company vehicle or any place in the sites or offices

• In case any employee loses/misplaced his or her identity card shall need to inform the administration dept, and a new card shall be issued with a penalty of RS 500

• When the employee leaves (gets relieved from service of the company) shall return the card to corporate hr

WORKING DAYS ,LEAVE AND PUNCTUALITY

• The working days in corporate office is 6 days from Monday to Saturday with Saturday second half and Sunday being holidays

• Before confirmation employee cannot take any leave • Once employee is confirmed he is eligible for 30 (paid

leave),15 (sick leave) and all bank holidays for front office employee only

• Back office operation employee gets a com off for bank holiday

• Employee should sign the e-muster at a time of entry and exit

• Employee should come on time e-muster is taken into consideration while giving yearly appraisal rating

NOTICE PERIOD

• If employee is not confirmed till now and if he want to resign he can give one month notice and resign

• If employee is confirmed he/she has to give three months notice period or have to pay the settlement amount

• Without giving prior notice employee cannot leave the organization

• If done so company can file a legal case against employee

MATERNITY LEAVE

• It shall cover only married female employees who have completed 180 days of continuous services on date of availing this leave

• Maximum of 90 days leave is allowed with pay 6 week or 6 week after or any other proportions

• Maternity can be combined with PL or CO if available to her credit

EMPLOYEE TRANSPORT

• Company vehicle shall be utilized for “pick and drop” facility from central location

• Employee should adhere to the timings of the bus or cab

• Employee should take of their personal belonging while traveling from office transport

• Timing will be fixed for the bus in case any change of the bus timings employee will get a mail for the same

CAFETERIA & CANTEEN

• The company shall provide free lunch and break fast only during induction and training period

• Once you hit the floor • Employee can get their lunch from their home or

can buy from canteen both veg and non veg is available

• Free food subsidy will be payable to the following M8 And above designation employee

TIE UP WITH B SCHOOL

• Provide assistance for the employee who want to pursue part time MBA

• Discount in fees once you complete minimum 3 years in the organization

• Examination leave up to 14 days

SAFETY

• The safety officer shall conduct regular round to the site of identify unsafe practices and notify the same for proper compliance

• Periodically all safety means, such as fire hydrants, fire fighting equipment

• Every year month of march and april safety trail is done

USES OF INERNET AND OUTLOOK

• Certain employees may be provided wth access to the internet to assist them in performing their assigned tasks

• Sending mass mails or chain letters, playing games, engaging in online chat groups, printing multiple copies of documents ,or otherwise creating unnecessary network traffic etc. is not permitted

• Employees shall not have an expectation of privacy in anything they create, store, send, or receive on the computer system

• E-mails should be monitored without prior notification of the company

• If the employee leaves the company, any company-owned software in his or her possession must be returned

RETIREMENT POLICY

• Every employee will retire from the services from the company on attaining the age of superannuation 60 years, as per the date of birth recorded in the company records

• The management may at its sole discretion grant annual extension beyond the age of superannuation in case the company desires to avail the services of the retired employee

• After 6 months of retirement employee gets his or her provident fund and gratuity if applicable

GRIEVANCE REDRESSAL COMMITTEE

• Work place harassment• Committee shall be represented by women • Confidentiality of the complaint procedure shall

be maintained.• Complainants or witnesses shall not be victimized

or discriminated against while dealing with complaints

• The Committee shall make an annual report to the management committee of the organization of complaints received and the action taken by them.

REWARDS AND RECOGNITION

• Star of the month• Pantaloons voucher, cash prices and other gift

hampers to the employee • There are 4 quadrant report that comes every

month for every employee across Delhi and Mumbai offices

• Bases on quadrant report of every month accumulated incentives for 3 months will be given

• Performance certificate• Productivity award• Best customer service• Employee of the month award

SALARY STRUCTURE

• Basic salary:40% of annual package • House rent:25%• Professional allowance:20%• Gratuity:2%• Provident fund:5%• Medical reimbursement:3%• Conveyance and bonus:5%

MEDICAL BENEFITS

KOTAKMEDICAL

BENEFITS

CASH LESS REIMBURSEMEN

T50:50

GRATUITY & PROVIDENT FUND

• As per the gratuity act an employee who completes 5 years or more continuous service or either resigns or retires or service terminated or dismissed or discharged are liable to be paid gratuity within 4 to 6 months

• Company contribution is 4.81%• Employee contribution is around 2%

• Company contribution towards pf is around 7%• Employee contribution is 5%