Kotak Mahindra Bank jumps on receiving approval for collection of direct and indirect taxes
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Kotak Mahindra Bank is currently trading at Rs. 1987.60, up by 4.95 points or 0.25% from its previous closing of Rs. 1982.65 on the BSE.
The scrip opened at Rs. 1982.65 and has touched a high and low of Rs. 1992.65 and Rs. 1958.75 respectively. So far 20786 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2077.90 on 28-Sep-2021 and a 52 week low of Rs. 1301.25 on 15-Oct-2020.
Last one week high and low of the scrip stood at Rs. 2033.30 and Rs. 1958.75 respectively. The current market cap of the company is Rs. 392767.47 crore.
The promoters holding in the company stood at 26.00%, while Institutions and Non-Institutions held 57.39% and 16.61% respectively.
Kotak Mahindra Bank (KMBL) has received approvals from the Government of India for the collection of direct and indirect taxes such as Income Tax, Goods and Services Tax (GST) etc through its banking network.
After technical integration, KMBL customers will be able to pay their direct and indirect taxes straight from KMBL’s mobile banking or net banking platforms as well as through KMBL’s branch banking network, resulting in immense ease and convenience for customers.
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.
