Kotak Mahindra Bank surges on launching credit card in association with METRO Cash & Carry India
Kotak Mahindra Bank is currently trading at Rs. 1855.00, up by 13.95 points or 0.76% from its previous closing of Rs. 1841.05 on the BSE.
The scrip opened at Rs. 1835.05 and has touched a high and low of Rs. 1855.00 and Rs. 1835.05 respectively. So far 16964 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1997.00 on 18-Nov-2022 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. 1882.80 and Rs. 1835.05 respectively. The current market cap of the company is Rs. 367186.54 crore.
The promoters holding in the company stood at 25.96%, while Institutions and Non-Institutions held 60.88% and 13.15% respectively.
Kotak Mahindra Bank (KMBL) in association with METRO Cash & Carry India has launched a new co-branded Credit Card - ‘METRO Kotak Credit Card’. This card will provide easy, interest-free credit facility, for up to 48 days to over 3 million registered METRO India customers. The card has been launched on the RuPay network.
METRO’s customer base includes small traders, Kirana owners, MSMEs, small restaurants, HoReCa (Hotels, Restaurants, and Caterers) players, offices, companies, institutions, as well as self-employed professionals.
The new METRO Kotak Credit Card can be used across METRO’s network of 31 wholesale distribution centers (stores) located in 21 cities in India, as well as the METRO Wholesale App - the ecommerce platform.
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.