The Branch will accept deposits from High Net-worth Individuals and corporates [who do not reside in or operate out of UAE] who qualify as professional clients or Market Counterparties
Types of deposits:
Withdrawable on demand
Deposits for an agreed term Eg. 3 months, 1 year, etc.
Fixed rate of interest [with or without premature withdrawal facility]
The Branch, in the course of accepting deposits will not:
Accept Deposits from the State’s markets (UAE)
Accept deposits in UAE Dirham
Accept Deposits from Retail Clients
2) Loans & Advances
The Branch will offer loans to customer. These will include:
Short & Medium term (Working capital facility) and Long Term loans (capital expenditure or other long term financial needs of Corporates) which are secured by acceptable collateral.
Loans to Professional Clients
3) Wealth products
The Branch will offer, to Professional clients subject to a suitability assessment, financial products and services including:
Products manufactured by third parties or Kotak Group including Mutual funds, Private Equity funds, structures, etc.
Securities traded on a regulated stock exchange or over the counter