Kotak Mahindra Bank surges on partnering with Pine Labs
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Kotak Mahindra Bank is currently trading at Rs. 2155.65, up by 10.00 points or 0.47% from its previous closing of Rs. 2145.65 on the BSE.
The scrip opened at Rs. 2160.00 and has touched a high and low of Rs. 2168.75 and Rs. 2123.50 respectively. So far 73761 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2,168.75 on 22-Oct-2021 and a 52 week low of Rs. 1347.75 on 26-Oct-2020.
Last one week high and low of the scrip stood at Rs. 2,168.75 and Rs. 1991.55 respectively. The current market cap of the company is Rs. 425917.51 crore.
The promoters holding in the company stood at 26.00%, while Institutions and Non-Institutions held 57.87% and 16.13% respectively.
Kotak Mahindra Bank has entered into a partnership with Pine Labs, a leading merchant commerce platform, specialising in merchant acquisition through innovative payment products, Pay Later offering, loyalty programmes, stored value solutions and other value-added services.
This tie-up will enable the bank to expand its merchant acquiring and Point of Sale (PoS) services to more merchants, especially retailers.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
