MoneyWorks4Me

Kotak Mahindra Bank becomes first bank clearing member to clear commodity derivative trades of FPI

21 Jun 2023 Evaluate

Kotak Mahindra Bank (KMBL) has become the first bank clearing member to clear and settle Foreign Portfolio Investor (FPI) trades in the Exchange Traded Commodities Derivatives segment on Multi Commodity Exchange (MCX).

The Bank is a leading custodian offering custody, clearing, and fund accounting services across a wide spectrum of international and domestic institutional as well as non-institutional investors.

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 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
View more..