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Kotak Mahindra Bank : and Mumbai Police Cyber Crime Join Hands to Spread Awareness on #SafeBanking Habits

10/20/2021 | 02:01am EST

Media Release


#StayAlert #StaySafe

Kotak Mahindra Bank and Mumbai Police Cyber Crime Join Hands

to Spread Awareness on #SafeBanking Habits

Mumbai, 19th October, 2021: With October being observed as National Cyber Security Awareness Month, Kotak Mahindra Bank (KMBL) and Mumbai Police Cyber Crime have joined hands to raise awareness about safe banking habits and to safeguard the public at large from falling victim to cybercrime. The Mumbai Police and Kotak have released two videos in public interest on the #SafeBanking initiative. The films caution people to be alert and observe some basic precautions for a secure banking experience.

The storyline of these films covers some of the often used cybercrime methods perpetrated by fraudsters, such as asking for sensitive card or bank account details under a false pretext or sending text messages or emails enticing the recipient to click on a suspicious or unauthorised link, and urges people to beware of such calls or messages and exercise caution. Further, to overcome the hesitancy of people in reporting such a crime and remaining a silent victim, the film encourages people to call the Mumbai Police Cyber Crime on the helpline number 100 to raise a complaint or report any suspicious activity.

Milind Bharambe, Joint Commissioner, Mumbai Police said, "The Mumbai Cyber Police has been consistently analysing cybercrimes that are taking place and we have noticed that cyber criminals are coming up with new ways to cheat victims. These criminals send suspicious links via a message or email that require recipients to click on them. These links lead the victim to phishing sites.

Sometimes, fraudsters call asking for OTP or other personal details such as the CVV number of one's credit card. We must be very careful and not share any such confidential information with anyone. We also want to urge citizens that if someone does become the victim of a cybercrime, then please call on the helpline number 100 without delay."

Puneet Kapoor, President - Products, Alternate Channels and Customer Experience Delivery, Kotak Mahindra Bank said, "Cyber criminals or fraudsters target unsuspecting people by creating panic - your debit card has been blocked or your account has been suspended - or by tempting one with an offer - the promise of a job or converting credit card reward points to cash etc. Through our #SafeBanking initiative with the Mumbai Police Cyber Crime, we urge customers to be extra vigilant

  • cautious and simply think twice before sharing any information or clicking on a link. Banks do not ask for such information or send such messages and by following some simple rules, we can safeguard our confidential financial information and enjoy a safe & secure banking experience."

Links to the videos: Salon Video| Shoeshine Video. The videos will be played across digital and social media platforms.

Safe Banking Tips

  1. Do not share sensitive banking information such as passwords, card details, CVV, OTP, ATM PIN, UPI PIN, Mobile Banking PIN, Net Banking password or any such information with anybody. Kotak will never ask for this information.
  2. Only click on links from trusted sources. If you receive an email or text message from an unknown sender asking you to click on a suspicious link, beware and ignore the message altogether. Never respond to a threat or get lured by offers of windfall gains. Banks do not send such messages.
  3. You may receive an SMS/call to convert reward points, increase credit limit, get a cashback or a loan at 0% interest and the fraudster will then ask for card/bank details to process the same. Do not share any details, else the fraudster can get access to your account and make unauthorised transactions.
  4. Develop a healthy suspicion for email IDs you have not seen before.
  5. Refrain from downloading screen sharing apps, which will enable the fraudster to take control of your device, view confidential banking details and access your account and funds without your knowledge.
  6. To receive money via UPI, one does not need to scan a QR code or enter a PIN or OTP.
  7. Activate SMS and Email alerts to get instant updates on banking transactions. Read transaction- related messages and pop-ups closely.
  8. Always keep your contact details updated with the bank.
  9. Always visit the bank's official website - www.kotak.com- for the bank's contact details.
  10. Similarly, when searching online for contact numbers of e-commerce or any service providers, visit the official company website for contact details.
  11. Keep your laptop/ mobile devices safe by regularly updating the software released by the system manufacturer.
  12. Install reputed antivirus software to protect your system from malicious software.
  13. Be wary of SIM cloning - if your SIM card becomes non-operational or gets deactivated suddenly, immediately contact your telecom service provider.
  14. Use Positive Pay System to reduce instances of tampering/alteration of cheque. Visit www.kotak.com to know more.

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 license 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 30th June, 2021, Kotak Mahindra Bank Ltd has a national footprint of 1,612 branches and 2,591 ATMs, and branches in GIFT City and DIFC (Dubai).

For more information, please visit the company's website at https://www.kotak.com/.

For further information, please contact:

Phiroza Choksi

Sakshi Denis

Rakesh Sharma

Himadri Buch

Kotak Mahindra Bank

Kotak Mahindra Bank

Fortuna PR

Fortuna PR

Phone: +91 98203 63681

Phone: +91 70454 74287

Mobile: +91 98335 37679

Mobile: +91 98203 46715






Kotak Mahindra Bank Limited published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 06:00:04 UTC.

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Net income 2022 115 B 1 528 M 1 528 M
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P/E ratio 2022 32,9x
Yield 2022 0,06%
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Technical analysis trends KOTAK MAHINDRA BANK LIMITED
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Mean consensus OUTPERFORM
Number of Analysts 33
Last Close Price 1 913,60 INR
Average target price 2 167,21 INR
Spread / Average Target 13,3%
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Uday Suresh Kotak Chief Executive Officer, Joint MD & Director
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T. V. Sudhakar Co-President & Head-Compliance
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