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    500247   INE237A01028

KOTAK MAHINDRA BANK LIMITED

(500247)
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End-of-day quote Bombay Stock Exchange  -  2022-08-07
1843.75 INR   +0.56%
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Kotak Mahindra Bank : Launches Kotak NationBuilders Salary Account

06/13/2022 | 06:23am EDT

Media Release

Kotak Mahindra Bank Launches Kotak NationBuilders Salary Account

-A Salary Account proposition catering to the needs of PSU and Government employees -

New Delhi, 13th June, 2022: Kotak Mahindra Bank Limited (KMBL) today announced the launch of Kotak NationBuilders Salary Account - a Corporate Salary Account proposition exclusively designed to cater to the needs of employees of PSUs and Government - who are partners in nation building.

This exclusive account for

our NationBuilders

was

launched at an event held

at New Delhi, which was

graced

by Rohit

Kumar

Singh,

IAS,

Secretary,

Department of Consumer

Affairs,

Government

of

India; Praveena Rai, Chief

Operating

Officer,

National

Payments

Corporation

of

India

(NPCI);

Ajit

Sharma,

Director

Finance,

Delhi

Metro

Rail

Corporation

Limited;

Virat

Diwanji,

Group

President-Retail

(From left to right) Nidhi Arora, Anirudh Maheshwari, Raghavendra Singh, Praveena Rai,

Liabilities

&

Branch

Rohit Kumar Singh, Virat Diwanji, Ajit Sharma, Puneet Kapoor and Gaurav Kurhade - at the

Unveiling of Kotak NationBuilders Salary Account.

Banking,

KMBL;

Puneet

Kapoor, President-Products, Alternate Channels and Customer Experience Delivery, KMBL; Raghavendra

Singh, Group President,

Public Affairs and Government Business, KMBL; Anirudh Maheshwari, Senior

Executive Vice President and Business Head, Salary Account Solutions, KMBL; Nidhi Arora, National Head

  • Govt PSU & Defence Salary, KMBL and Gaurav Kurhade, Executive Vice President & Head - Household Products & Privy League Programme, KMBL.

Virat Diwanji, Group President-Retail Liabilities & Branch Banking, Kotak Mahindra Bank said, "India has progressed to a $3 trillion economy with a GDP growth rate of around 7.2%-8%in recent times. This stellar growth has been possible due to the innovative and the progressive mindset of leaders, including our PSU, Central & State Government institutions and their workforce who have played a key role in nation building. The contribution and service of these institutions and its workforce is an intangible asset and they will continue to build the vision of Atmanirbhar Bharat. The Kotak NationBuilders Salary account has

been designed to appreciate and applaud the country's nation builders and their resilience and fortitude in evolving economic landscape. It is an honour and privilege for us to be their bankers and empower them and their loved ones through need-based products and services."

Praveena Rai, Chief Operating Officer, National Payments Corporation of India (NPCI) said, "We are delighted to partner with Kotak Mahindra Bank and to take the RuPay Platinum Debit Card to our NationBuilders and their families. The card comes with a host of benefits catering to their needs that includes insurance cover as well as an Education Cover for dependent child. We believe that the power- packed features of the card backed by cutting-edgetechnology will bring an unmatched, unique and safe digital payment experience to our users. With RuPay, we are constantly creating innovative offerings for seamless payment for our customers as a way of life. We are confident that this launch is a step ahead to make RuPay the preferred card of India."

The Kotak NationBuilders Salary account is being offered to all salaried individuals working with the Central, State government and Public Sector employees and will provide access to a full range of products and services with several attractive features and benefits that include*:

  • A Lifetime Zero Balance Account
  • Preferential service charges-Free locker, Free Cash deposit up to Rs. 2 Lakh a month, 30 free transactions* a month
  • Free RuPay Platinum Debit Card for employees along with a free Add-on debit card for family members
    o Personal Accident Coverage (Accidental Death - Rail and Road Only) upto 50 lakh o Partial/Permanent Disability Cover due to Road, Rail Accident up to Rs 30 Lakh o Upto 5% Cash Back* and offers on select Indian brands
    o 4 Complimentary Domestic and 2 Complimentary International Lounge access at airports per year
    o Education cover of Rs 4 Lakh for dependent child
  • Special pricing on loans- Special discounts on Loan rates / Processing Fees
  • Dedicated helpline number for faster response time
  • Resolution of service within 48 hours on select services

In line with its endeavour to contribute to the nation building journey KMBL has also launched an exclusive salary account for Uniformed Services personnel and has partnered with some of the key Armed Forces including Indian Army and the Indian Navy.

*Terms and conditions apply. Please visit www.kotak.comfor details.

About Kotak Mahindra Bank Limited

Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking

licence from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd.

The Bank has four Strategic Business Units - Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India. The premise of Kotak Mahindra Group's business model is concentrated India, diversified financial services. The bold vision that underscores the Group's growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked. As on 31st March, 2022, Kotak Mahindra Bank Ltd has a national footprint of 1,700 branches and 2,705 ATMs, and branches in GIFT City and DIFC (Dubai).

For further information, please contact:

Revathi Pandit

Sakshi Denis

Rakesh Sharma

Charlotte D'souza

Kotak Mahindra Bank

Kotak

Mahindra

Bank

Fortuna PR

Fortuna PR

Mobile: +91 98202 37909

Mobile:

+91 70454

74287

Mobile: +91 98335 37679

Mobile: +91 8291204270

Revathi.pandit@kotak.com

Sakshi.Denis@kotak.com

Rakesh@fortunapr.com

charlotte@fortunapr.com

Disclaimer

Kotak Mahindra Bank Limited published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 10:22:07 UTC.


© Publicnow 2022
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Sales 2023 558 B 7 009 M 7 009 M
Net income 2023 137 B 1 723 M 1 723 M
Net Debt 2023 - - -
P/E ratio 2023 26,4x
Yield 2023 0,06%
Capitalization 3 661 B 46 016 M 46 016 M
Capi. / Sales 2023 6,56x
Capi. / Sales 2024 5,67x
Nbr of Employees 90 000
Free-Float 70,5%
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Uday Suresh Kotak Chief Executive Officer, Joint MD & Director
Dipak Brijmohandas Gupta Joint Managing Director & Director
Devang Gheewala Co-President & Chief Operations Officer
T. V. Sudhakar Co-President & Head-Compliance
Jaimin Mukund Bhatt Group Chief Financial Officer & Group President
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