FY 2023-24

In FY 2023-24 Kotak Mahindra Bank spent ₹119.73 crore on CSR against a 2% obligation of ₹230.24 crore, and set aside ₹111.08 crore for ongoing projects.

Period: Apr 2023 - Mar 2024.

• Obligation (2% rule): ₹230.24 crore
• Spent in the year: ₹119.73 crore (projects ₹116.17 crore, admin overheads ₹2.99 crore, impact assessment ₹0.56 crore)
• Set aside for ongoing projects (Unspent CSR Account): ₹111.08 crore
• Transferred to a Schedule VII fund: ₹0 crore
• Excess from earlier years set off against this year's obligation: ₹1.42 crore
• Environment spend: ₹18.5 crore

Spending by area

Area	Amount
Education and livelihood	₹141.8 crore
Healthcare	₹50.7 crore
Environment and sustainable development	₹18.5 crore
Sports	₹15.2 crore
Relief and rehabilitation	₹1 crore

Main programmes

• Kotak Education Foundation: 160+ schools in Maharashtra and Gujarat (leadership, literacy, numeracy, digital learning, English); contribution Rs 32.12 cr
• Khan Academy science programme in Uttar Pradesh: rolled out in 698 schools, 59,000+ students; Girl Child Education: 3,000+ dropout girls mainstreamed
• 13 government schools renovated in Uttar Pradesh, Karnataka, Madhya Pradesh; seven Anganwadis refurbished
• Scholarships: ~3,300 students; new support to IIT Kanpur for Kotak School of Sustainability; IISc AI-ML Centre continued
• Skill development: 13,200+ youth trained (60% placed or self-employed); Women Startup Programme (IIM Bangalore): ~269 ventures
• Cancer care: 5,900+ patients supported (4,100 paediatric); equipment support to Eastern India Heart Care and Research Foundation, Walawalkar Hospital (Chiplun), MPMMCC Varanasi
• Primary healthcare: 3.3 lakh beneficiaries; 1.2 lakh+ through eye care; clubfoot treatment of 6,700+ children in 45 Uttar Pradesh districts
• Sports: badminton academy (Hyderabad) 30 athletes; Inspire Institute of Sport boxing 100+ boxers, 90 medals

Trees and greening

• ~1.5 lakh trees under plantation via Miyawaki technique across 15 acres in Pune, Ahmedabad and Mumbai Metropolitan Region
• Rejuvenation of 5 lakes and a 0.8 km creek stretch (~370 acres); water harvesting capacity of 340 crore litres created in rural water-stressed regions

States: Maharashtra, Gujarat, Uttar Pradesh, Karnataka, Madhya Pradesh, Telangana, Jharkhand, Bihar.

Implementing agencies: Kotak Education Foundation, Khan Academy, IIMPACT, IT for Change, CanKids...KidsCan, Cuddles Foundation, Indian Cancer Society, Pullela Gopichand Badminton Foundation, Inspire Institute of Sport, IIT Madras, IIT Kanpur, IISc Bengaluru, IIM Bangalore.

Source: S3 Integrated Annual Report 2023-24, pages printed 87-91; Directors' Report CSR section; CSR annexure; CSR note