Kotak Solitaire: Invite-Only Banking for Affluent Clients
Why in the news
Kotak Mahindra Bank rolled out Solitaire, a by-invitation programme giving wealthy clients premium banking privileges and personalised service.
Key facts
- Eligibility: minimum relationship value of ₹75 lakh (salaried) or ₹1 crore (self-employed).
- Credit: pre-approved lines up to ₹8 crore spanning home loans, personal loans and credit cards.
- Solitaire Credit Card: zero annual fee, unlimited lounge access, zero forex markup.
- Also offers advanced investment tools and top-tier personalised banking.
Eligibility at a glance
| Customer type | Minimum relationship value |
|---|---|
| Salaried | ₹75 lakh |
| Self-employed | ₹1 crore |
About Kotak Mahindra Bank
- Founded in 2003; headquartered in Mumbai.
- MD and CEO: Ashok Vaswani; tagline: Let’s Make Money Simple.
- ING Vysya Bank merged into it in 2015.
Exam angle
- Programme name: Solitaire (invitation-only).
- Bank head: Ashok Vaswani.
- Merger year of ING Vysya: 2015.