FY 2022-23

In FY 2022-23 Kotak Mahindra Bank spent ₹94.84 crore on CSR against a 2% obligation of ₹187.41 crore, and set aside ₹93.11 crore for ongoing projects.

Period: Apr 2022 - Mar 2023.

• Obligation (2% rule): ₹187.41 crore
• Spent in the year: ₹94.84 crore (projects ₹91.47 crore, admin overheads ₹3.06 crore, impact assessment ₹0.31 crore)
• Set aside for ongoing projects (Unspent CSR Account): ₹93.11 crore
• Transferred to a Schedule VII fund: not disclosed
• Excess from earlier years set off against this year's obligation: ₹0.88 crore
• Environment spend: ₹34.6 crore

Spending by area

Area	Amount
Education and livelihood	₹102.7 crore
Healthcare	₹31.8 crore
Environment and sustainable development	₹34.6 crore
Sports	₹15.5 crore

Main programmes

• Kotak Education Foundation: Model School Project in Maharashtra with State Government; contribution Rs 22.74 cr
• Kotak Shiksha Nidhi: 1,300+ students; Excel/Kotak Kanya scholarships; Unnati skilling ~1,900 trained
• Pratham skilling: ~9,500 youth trained; Women Startup Programme with IIM Bangalore: ~380 ventures shortlisted
• Rural livelihoods: Mehsana, Gujarat (six villages) with Cohesion Foundation Trust; vegetable cultivation with N M Sadguru Foundation (Banswara, Rajasthan)
• Disability inclusion: 1,400+ trained, 926 placed; AI-enabled jobs platform with Youth4Jobs
• Healthcare: 2,100+ cancer patients; 10 ambulances in five tribal districts of Madhya Pradesh; PET-CT at Ramakrishna Mission hospital, Vrindavan; EIHCRF Kolkata; NICU at Cantonment General Hospital, Pune
• Environment: IIT Madras energy audits (50+ MSMEs); water conservation in Karnataka, Andhra Pradesh, Maharashtra; 8 water bodies rejuvenated in five states
• Sports: Pullela Gopichand Badminton Academy completed (inaugurated April 2023); Inspire Institute of Sport wrestling and boxing, 177 athletes

Trees and greening

• Miyawaki mini/city forests in Indore and Mumbai; 4,000 saplings planted in Mumbai (estimated 883.92 MTCO2 sequestration over 15 years)
• Biodiversity park at Gandhi Tekdi, Sanjay Gandhi National Park, Mumbai; biodiversity conservation in Ganjam, Odisha

States: Maharashtra, Gujarat, Rajasthan, Karnataka, Andhra Pradesh, Madhya Pradesh, Uttar Pradesh, Tamil Nadu, West Bengal, Odisha, Telangana.

Implementing agencies: Kotak Education Foundation, Pratham Education Foundation, IIM Bangalore, Cohesion Foundation Trust, N M Sadguru Water and Development Foundation, Youth4Jobs Foundation, Deeds Public Charitable Trust, Nature Forever Society, Tata Steel Foundation, Centre for Environmental Research and Education, IIT Madras, Pullela Gopichand Badminton Foundation, Inspire Institute of Sport.

Source: S4 Integrated Annual Report 2022-23, pages printed 70-75; Directors' Report CSR section; CSR annexure