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Kotak Mahindra Bank in RFP Hunt for Digital Innovation Partner

Kotak Mahindra Bank invites digital agencies to pitch for its creative mandate.
Leading Indian financial institution invites agencies to pitch for its digital creative mandate.

New Delhi: Kotak Mahindra Bank has announced the launch of a Request for Proposal (RFP) seeking a qualified digital creative agency. This strategic move highlights Kotak Mahindra Bank’s commitment to continuous innovation and staying at the forefront of the ever-evolving Banking, Financial Services, and Insurance (BFSI) sector within India.

The ideal partner will be a highly-regarded agency with a proven track record of success in developing and executing impactful digital marketing campaigns specifically tailored for BFSI clients. They will possess a deep understanding of the dynamic digital marketing landscape and demonstrate expertise in leveraging cutting-edge tools and strategies to deliver measurable results.

“We are seeking a partner who aligns with our vision to reshape finance communication by being bold, data-driven, and digitally relevant for the modern Indian consumer,” stated Kedarswamy Ravangave, Executive Vice-President of Marketing at Kotak Mahindra Bank. “This is more than just an RFP; it’s an opportunity to become a leader in how finance is communicated and engaged with within the Indian market. We are looking for a partner who not only shares this vision but can also push the boundaries of traditional BFSI communication through innovative and trend-setting digital strategies.”

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The RFP outlines specific requirements for interested agencies, including a comprehensive vision for digital marketing within the BFSI space that aligns with Kotak Mahindra Bank’s mission of making financial services exciting and relevant for aspirational Indians.

Additionally, agencies must submit a creatively curated portfolio showcasing past work, particularly in the BFSI sector or other relevant industries, that demonstrates a strong focus on innovation. Finally, successful case studies highlighting data-driven insights, strategic creativity, and digital engagement that breaks traditional molds are essential components of a compelling proposal.

Submissions for the RFP are due by November 22nd, 2024, and should be sent via email to Digital.Rfp@kotak.com . Shortlisted agencies will be invited to present their proposed strategies in person to Kotak Mahindra Bank representatives.

This strategic partnership with a leading digital creative agency promises to further elevate Kotak Mahindra Bank’s brand awareness and engagement, solidify its position as a thought leader within the Indian digital landscape, and ultimately contribute to its continued success in delivering innovative financial solutions to its customers.

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