Kotak Mahindra Bank inches up on launching co-branded credit card for small business owners
Kotak Mahindra Bank is currently trading at Rs. 414.65, up by 0.25 points or 0.06% from its previous closing of Rs. 414.40 on the BSE.
The scrip opened at Rs. 413.15 and has touched a high and low of Rs. 416.40 and Rs. 412.70 respectively. So far 68528 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 452.98 on 20-Oct-2025 and a 52 week low of Rs. 345.40 on 02-Apr-2026.
Last one week high and low of the scrip stood at Rs. 425.90 and Rs. 412.70 respectively. The current market cap of the company is Rs. 411584.27 crore.
The promoters holding in the company stood at 25.87%, while Institutions and Non-Institutions held 62.91% and 11.22% respectively.
Kotak Mahindra Bank and Amazon Pay have launched Amazon Pay Kotak Business Credit Card for sole proprietors and small business owners. It will be available to registered users of Amazon Business--the digital procurement platform serving millions of Indian businesses. The card will offer cashback rewards and an extended interest-free credit period, helping entrepreneurs manage business purchases more efficiently while preserving working capital.
The card offers 5% cashback on eligible Amazon Business purchases and flight and hotel bookings for Prime members and 3% cashback for non-Prime members (capped at 5% of the monthly credit limit). It also offers 2% cashback on eligible bills and recharges through Amazon Pay and 1% on other spends. The card comes with up to 48 days’ interest-free credit period and three-month No Cost EMIs on eligible purchases. The card has no joining fee. Its annual fee is Rs 499 plus taxes, which can be waived against eligible annual off-Amazon spending of Rs 3 lakh. The card will also include offers related to AWS credits for AI services, cloud computing & data storage.
Top News
Tech Mahindra rises on unveiling Zero Gravity Telco Architecture
