Kotak Mahindra Bank gains on completing integration with GST portal
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Kotak Mahindra Bank is currently trading at Rs. 1836.35, up by 2.80 points or 0.15% from its previous closing of Rs. 1833.55 on the BSE.
The scrip opened at Rs. 1833.00 and has touched a high and low of Rs. 1841.90 and Rs. 1818.00 respectively. So far 23125 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2252.45 on 27-Oct-2021 and a 52 week low of Rs. 1630.00 on 30-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1892.50 and Rs. 1810.80 respectively. The current market cap of the company is Rs. 364265.83 crore.
The promoters holding in the company stood at 25.97%, while Institutions and Non-Institutions held 57.84% and 16.20% respectively.
Kotak Mahindra Bank (KMBL) has completed its integration with the GST portal. KMBL is one of the first Scheduled Private Sector Banks to be integrated after the Centre permitted all banks to participate in government business last year.
Kotak customers can now pay instant GST directly on the GST portal without having to step out from the comfort of their homes/offices. This facility is available to individuals, corporations, institutions, and their representatives.
Recently, KMBL announced its integration with the new Income Tax department portal and also went live on the Indian Customs Electronic Gateway (ICEGATE). KMBL has thus become a payment partner for both direct and indirect taxes.
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.
