Kotak Mahindra Bank rises on launching ‘Kotak FYN’
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Kotak Mahindra Bank is currently trading at Rs. 1722.00, up by 8.60 points or 0.50% from its previous closing of Rs. 1713.40 on the BSE.
The scrip opened at Rs. 1728.00 and has touched a high and low of Rs. 1731.90 and Rs. 1715.55 respectively. So far 162184 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. 1627.25 on 30-Jul-2021.
Last one week high and low of the scrip stood at Rs. 1828.05 and Rs. 1699.05 respectively. The current market cap of the company is Rs. 341074.04 crore.
The promoters holding in the company stood at 25.99%, while Institutions and Non-Institutions held 57.55% and 16.46% respectively.
Kotak Mahindra Bank (KMBL) has launched Kotak FYN, its new enterprise portal exclusive for Business Banking and Corporate clients. The bank’s customers can use the portal to carry out all trade & services transactions. By the last quarter of 2022, the Kotak FYN portal will include many other services, including account services, payments and collections.
The main objective of Kotak FYN is to provide customers with a seamless experience in a unified view across all product platforms. Kotak FYN portal assures paperless transactions and the facility to track end-to-end transactions. It provides status updates, thereby reducing queries and retrieval of documents submitted along with a safe & secure channel with an authentication process.
The accomplished portal will offer a host of other features like a dashboard which customers can customise, track the utilisation of transaction limits on a real time basis, access to past transactions, upcoming transaction events etc. It also promises to provide an individualised experience in minimum steps and systems stability.
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.
