Kotak Mahindra Bank gains on launching Cardless Cash Withdrawal Facility through ATMs

Kotak Mahindra Bank Ltd. | Bank - Private | BFSI | BSE: 500247 | NSE: KOTAKBANK

25 Aug 2020 Evaluate

Kotak Mahindra Bank is currently trading at Rs. 1390.50, up by 3.60 points or 0.26% from its previous closing of Rs. 1386.90 on the BSE.

The scrip opened at Rs. 1395.00 and has touched a high and low of Rs. 1402.00 and Rs. 1380.65 respectively. So far 42682 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1739.95 on 19-Feb-2020 and a 52 week low of Rs. 1000.35 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1402.00 and Rs. 1330.20 respectively. The current market cap of the company is Rs. 274091.65 crore.

The promoters holding in the company stood at 26.07%, while Institutions and Non-Institutions held 57.42% and 16.51% respectively.

Kotak Mahindra Bank has launched Cardless Cash Withdrawal Facility through ATMs (Instant Money Transfer - IMT). The facility empowers Kotak accountholders to make cash withdrawals as well as remit money to beneficiaries across India without using a physical debit card.

Using their registered mobile number with the bank, Kotak customers can initiate the transaction through the Kotak Net Banking or Mobile Banking platform. The beneficiary need not be a Kotak customer and need not even have an account with any bank. The cash can be withdrawn by the beneficiary from any Kotak ATM in India.

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.

Kotak Mahindra Bank Share Price

380.75 1.40 (0.37%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	781.20
ICICI Bank	1264.80
Axis Bank	1269.40
Kotak Mahindra Bank	380.75
Indusind Bank	949.85
View more..

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