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Kotak Mahindra Bank launches outward forex remittance service ‘Kotak Remit’

15 Feb 2021 Evaluate

Kotak Mahindra Bank (Kotak) has launched outward forex remittance service, Kotak Remit, on mobile that will allow users to send money abroad directly from their mobile phones. The outward forex remittance solution is live on the Kotak Mobile Banking App. For the first time, Kotak customers can conveniently transfer money internationally to their beneficiaries straight from their mobile.

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.

Peers
Company Name CMP
HDFC Bank 694.55
ICICI Bank 1400.40
Axis Bank 1217.20
Kotak Mahindra Bank 462.00
Indusind Bank 844.65
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