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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Kotak Mahindra Bank Limited    500247   INE237A01028

KOTAK MAHINDRA BANK LIMITED

(500247)
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Kotak Mahindra Bank : ‘Unbelievably Low' Home Loan Interest Rate Campaign is Now Live in Chandigarh

02/23/2021 | 04:02am EST

Media Release

#ComeHomeWithKotak

Kotak's 'Unbelievably Low' Home Loan Interest Rate Campaign is Now Live in

Chandigarh

Rates beginning at 6.75% p.a. - The No. 1 reason to buy a home

Chandigarh, 17th February, 2021: Kotak Mahindra Bank Ltd (Kotak)

today announced the launch of a multi-media campaign in Chandigarh, focussed on its 'Unbelievably Low' home loan interest rate of 6.75%* p.a. The campaign focuses on the No. 1 reason to buy a home today -

Kotak's home loan rates beginning at 6.75%* p.a., one of the lowest rates in the home loan market.

The COVID-19 pandemic has made people realise the need for bigger and more comfortable homes. Since everybody is usually at home, every family member needs their own space. With home loan interest rates at a multi-year low, the aspiration of owning one's dream home can now become a reality.

Elizabeth Venkataraman, Joint President - Consumer, Commercial &

Wealth Marketing, Kotak Mahindra Bank said, "The pride and joy in owning the home of one's dreams is unlike any other. However, for many it can be a dream too far. Now, with Kotak Home Loans offering an "unbelievable" rate of 6.75%* p.a., that dream is within reach. There are a number of reasons why this is the right time to buy a home, but Reason No. 1 is 6.75%."

The multi-media campaign includes a series of innovative hoardings that are displayed across multiple markets in different languages, in addition to a series of three videos being played on social & digital platforms as well as radio spots.

Enjoy the videos here: Link 1 | Link 2 | Link 3 | Radio spots: Link 1 | Link 2

Kotak Mahindra Bank Ltd (Kotak) announced its home loan interest rates at 6.75%* p.a. with effect from 1st November, 2020.

Features of Kotak Home Loans:

  • Starting at 6.75%* p.a. on Home Loans and Balance Transfer Loans

  • Attractive rates for both the salaried and self-employed customer segments

  • Quick online sanction with Kotak Digi Home Loans and easy documentation

To apply for a Kotak Home Loan online, applicants can visit the website at Kotak Home Loans.They can also apply through Kotak's bank branches across India. Existing Kotak customers can also apply through the Kotak mobile banking app or net banking.

For details on Kotak home loan rates, click here.

*Terms & Conditions apply

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 31st December, 2020, Kotak Mahindra Bank Ltd has a national footprint of 1,603 branches and 2,573 ATMs, and branches in GIFT City and DIFC (Dubai).

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

For further information, please contact:

Rohit Rao

Kotak Mahindra Bank Phone: +91-22-6166 0001

Rohit.Rao@kotak.com

Phiroza Choksi

Kotak Mahindra Bank Phone: +91 98203 63681

Phiroza.Choksi@kotak.com

Rakesh Sharma Fortuna PR

Mobile: +91 98335 37679

Rakesh@fortunapr.com

Lalita Tiwari Fortuna PR

Mobile: +91 99302 52484

Lalita@fortunapr.com

Disclaimer

Kotak Mahindra Bank Limited published this content on 17 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2021 09:01:12 UTC.


© Publicnow 2021
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Sales 2021 398 B 5 418 M 5 418 M
Net income 2021 96 093 M 1 309 M 1 309 M
Net Debt 2021 - - -
P/E ratio 2021 37,3x
Yield 2021 0,06%
Capitalization 3 656 B 49 815 M 49 790 M
Capi. / Sales 2021 9,19x
Capi. / Sales 2022 8,25x
Nbr of Employees 71 000
Free-Float 70,5%
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Mean consensus HOLD
Number of Analysts 33
Average target price 1 868,30 INR
Last Close Price 1 845,35 INR
Spread / Highest target 23,6%
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Spread / Lowest Target -43,6%
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Managers and Directors
NameTitle
Uday Suresh Kotak Chief Executive Officer, Joint MD & Director
Dipak Brijmohandas Gupta Joint Managing Director & Director
Jaimin Mukund Bhatt Co-President & Group Chief Financial Officer
Karthi Kumar Marshan Co-President & Chief Marketing Officer
Devang Gheewala Co-President & Operations Chief
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