HR POLICIES, PRACTICES AND HR STRUCTURE OF KOTAK MAHINDRA BANK

IT INCLUDES THE MISSION VISION ABOUT KOTAK MAHINDRA BANK , ITS HR STRUCTURE, ITS HR POLICIES AND HR PRACTICES... IT CONSISTS OF 5 MAJOR HR POLICIES WHICH INCLUDE EMPLOYEE WELL BEING ,F.L.A.M.E. STRISANGINI, WORKPLACE SAFETY, CONTRACTUAL WORKFORCE....

1. HUMAN RESOURCE MANAGEMENT AND ORGAINISATIONAL BEHAVIOUR

2. GROUP NO: AMRUTA DESHPANDE AASTHA KANOJIA SNEHAL KASERA SHRADDHA KOHALE VINIT POOJARY HEMDA TEJAL DEVKAR 1118 1137 1140 1145 1156 1163 1187

3. Kotak mahindra bank VISION : To be the most trusted Global Indian Financial Services brand and the most preferred financial services employer with focus on creating value . MISSION : Our customers must enjoy the benefits of dealing with a Global Indian brand that best understands their needs and delivers customized pragmatic solutions across multiple platforms. Mr. Uday kotak

4. introduction Kotak Mahindra Bank  is the fourth largest Indian private sector bank by market capitalization, headquartered in Mumbai, Maharashtra. Kotak Mahindra group, established in 1985 by Uday Kotak, is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to be converted into a bank – Kotak Mahindra Bank Limited (KMBL ). In 2014, Kotak Bank acquired ING Vysya Bank for a deal valued at ₹15000 crore (US$2.3 billion). With the merger, the total human resource count will jump to almost 40,000 heads and the branch was expected to rise over 1200. Post the merger, ING Group which controlled ING Vysya Bank will own 7% share in Kotak Mahindra Bank .

5. HR STRUCTURE KOTAK MAHINDRA BANK BRANCH MANAGER RETAIL LIABILITY BRANCH BANKING RETAIL LIABILITY SALES BRANCH OPERATIONS MANAGER DEPUTY BRANCH MANAGER BRANCH SALES MANAGER SERVICE OFFICER SELF-DESK OFFICER RELATIONSHIP OFFICER RELATIONSHIP MANAGER ACCOUNT ACQUISITION MANAGER

6. HR PRACTICES RECRUITMENT AND SELECTION TRAINING AND DEVELOPMENT “I”APPLAUD : THE LANGUAGE OF APPRECIATION REWARDS TO EMPLOYEES STRONG TEAM BUILDING ACTIVITIES HALL OF FLAME- REWARDING THE RIGHT BEHAVIOUR AS PER THE VALUE SYSTEM

7. HR POLICIES EMPLOYEE WELL BEING F.L.A.M.E. STRISANGINI- FOR WOMEN,BY WOMEN POLICIES ON WORKPLACE SAFETY AND SECURITY CONTRACTUAL WORKFORCE

8. EMPLOYEE WELL BEING The diverse & vibrant workforce fuels the growth engine of the bank Employee well being is one of the important hr policies of the bank Employee well being and holistic development are comerstones of the bank people agenda. For the well being they introduced healthy activities like strategic organized and interdisciplinary application of knowledge,skills and competencies which are necessary

9. F.L.A.M.E. F-FOCUS ON RESULTS: Strongly focused on achieving short &long term organizational and financial goals. L-LEADERSHIP: An opportunity to work with leaders and be one of them A-ACTIVE INVOLVEMENT: Being participative and inclusive in decision making with the responsibility to be involved in the consultative process M –MAXIMUM CHALLENGE: An environment where employees are constantly stretched & challenged to give their best E- ENTREPRENEURIAL CREATIVITY: An ability to create business opportunities and run them as entrepreneurs, within broadly defined parameters

10. STRISANGINI – FOR WOMEN,BY WOMEN STRISANGINI, AN IN HOUSE WOMEN CELL AT KOTAK MAHINDRA BANK WAS LAUNCHED ON MARCH 8,2013 (INTERNATIONAL WOMEN’S DAY) IT ENCOURAGES FEMALE EMPLOYEES TO HAVE OPEN DIALOGUE AND SEEK GUIDANCEON PROFESSIONAL AND PERSONAL ISSUES FROM OTHER MEMBERS STRISANGINI MEMBERS HAVE ALSO INITIATED A MASS MENTORING PROGRAMME “WOMENTORING@KOTAK”SINCE NOVEMBER 2013 IT IS CONDUCTED IN DIFFERENT CITIES SUCH AS IN MUMBAI AND BANGALORE MORE THAN 350 WOMEN EMPLOYEES HAVE BEEN COVERED THROUGH THESE PROGRAMMES CONDUCTED BY THE BANKS SENIOR LEADER SHANTI EKAMBARAM

11. WORKPLACE SAFETY AND SECURITY The bank has Policy statement for health,safety and welfare at workplace to promote safety and security of employees, contract staff and visitors. Employees and contract staff are regularly trained and provided with awareness of safety and security measures The induction programme for all employees include sessions on physical security, general fire safety and building evacuation. The banks corporate offices are equipped with a trauma centre with everyday on call/doctor facilities.

12. CONTRACTUAL WORKFORCE Kotak Mahindra bank has stipulated contract clauses with all contractors to ensure that statutory requirements for contract labour wages and welfare are strictly a dhered to. Monthly meetings held with vendors/contractors serve as a platform for dialogue between vendors/contractors and the bank, and records vendors and contractors’ suggestions and grievances . All reported grievances are tracked and resolved. Statutory requirements on wage payments/Provident Fund (PF) payments by vendors are verified through collection of payment proofs . TheBank also ensures that no underage or child worker is employed by contractors at its premises.

13. THINK INVESTMENTS THINK KOTAK

14. BIBLIOGRAPHY https ://en.wikipedia.org/wiki/Kotak_Mahindra_Bank http:// www.kotak.com/annualreport2013-14 http:// www.kotak.com

15. THANK YOU