15-11-2023 12:23 PM | Source: Accord Fintech
Kotak Mahindra Bank rises on launching cardless EMI payments on Amazon Pay

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Kotak Mahindra Bank is currently trading at Rs. 1760.30, up by 13.00 points or 0.74% from its previous closing of Rs. 1747.30 on the BSE.

The scrip opened at Rs. 1755.05 and has touched a high and low of Rs. 1766.00 and Rs. 1750.40 respectively. So far 12299 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2063.00 on 31-May-2023 and a 52 week low of Rs. 1644.20 on 14-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1766.00 and Rs. 1734.00 respectively. The current market cap of the company is Rs. 350888.79 crore.

The promoters holding in the company stood at 25.93%, while Institutions and Non-Institutions held 60.98% and 13.10% respectively.

Kotak Mahindra Bank (KMBL) has launched Cardless EMI (Equated Monthly Instalments) Payments on Amazon Pay, to provide its pre-approved customers easy access to instant consumer finance, with just their Mobile Number and PAN (Permanent Account Number).

The strategic association with Amazon Pay focuses on providing easy credit access and a seamless payment experience to customers, further enhancing their shopping experience this festive season. Shoppers on Amazon.in can now convert their high-value purchase of Electronics, Furniture, Lifestyle, and Apparel into convenient monthly EMIs, without using debit card, credit card, or even UPI.